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Words at the End of a List Are Typically Remembered

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Words at the end of a list are typically remembered better than words presented in the middle. This is known as the recency effect and it presumably happens because the last few words on the list remain in memory.


Definitions:

Form 1040EZ

A simplified version of the IRS income tax return form for individuals with uncomplicated financial situations, no longer in use as of the 2019 tax year.

Interest Income

Earnings from interest-bearing accounts or investments, including savings accounts, certificates of deposit, bonds, and loans.

Tax Rate Structure

The framework defining how different levels of income are taxed at various rates, often progressive, where higher income incurs higher tax rates.

Progressive

A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher incomes.

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