Which of the Following Is the Result of the Economic

question 9

Multiple Choice

Which of the following is the result of The Economic Growth and Tax Relief Reconciliation Act enacted in 2001

• A) reduction of the highest marginal tax rate
• B) increased the marriage penalty
• C) created a new 40% tax bracket
• D) both a and c

---

Definitions:

Third-Party

An individual or group besides the two primarily involved in a contract or transaction.

Parol Evidence Rule

A legal principle that prevents parties from presenting extrinsic evidence that contradicts or adds to the written terms of a contract.

Exceptions

Specific conditions or circumstances that alter or nullify the general rule or application of a law.

Contractual Rights

The specific legal rights and obligations that are established by a contract between two or more parties.