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Author Question: Subtracting the interest on a mortgage from ones taxable income is an example of a(n) a. credit. ... (Read 56 times)

RRMR

  • Hero Member
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  • Posts: 557
on: Jul 9, 2018
Subtracting the interest on a mortgage from ones taxable income is an example of a(n)
 
  a. credit.
  b. deduction.
  c. exemption.
  d. security.
  e. withholding.

Question 2

The rate on ones last dollar of taxable income is called the
 
  a. tax bracket.
  b. internal tax.
  c. deduction.
  d. final tax exemption.
  e. marginal income tax rate.


Kimmy

  • Sr. Member
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  • Posts: 342
Reply #1 on: Jul 9, 2018
Answer to Question 1

ANS: B

Answer to Question 2

ANS: E


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