In Order to Curtail Bracket Creep,the Tax Reform Act of 1986

question 38

Multiple Choice

In order to curtail bracket creep,the tax Reform Act of 1986

• A) lowered the tax rates.
• B) reduced the number of brackets and widened the income levels in each bracket.
• C) raised the lowest income levels that are subject to tax.
• D) narrowed the income levels in each bracket and shorten each bracket.
• E) removed the 5% surcharge on certain upper income levels.

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Definitions:

Health Insurance

A type of insurance coverage that typically pays for an insured person's medical and surgical expenses.

Health Care Costs

Expenses related to the prevention, diagnosis, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical industry.

Health Expectancies

Statistical measures predicting the average period that a person may expect to live in a specific health state, such as without chronic disease.

Health Psychology

A branch of psychology that focuses on how biological, psychological, and social factors influence health, illness, and healthcare.