Which of the Following Must Be Adjusted to Index a Progressive

question 43

Multiple Choice

Which of the following must be adjusted to index a progressive tax system to inflation?

• A) Tax deductions, exemptions, and tax filings.
• B) Tax deductions, exemptions, and tax brackets.
• C) Tax brackets, tax deductions, and tax payments.
• D) Tax brackets, exemptions, and nominal tax receipts.

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Definitions:

NOW Function

The NOW function is a formula used in spreadsheet applications to return the current date and time.

Default Option

A pre-selected choice or setting in software or devices, used unless another option is specified by the user.

Fill Area

The process or feature in graphic design and spreadsheet software allowing the background of a cell, shape, or section to be filled with color or patterns.

Auto Fill Options

Auto Fill Options are features in software applications that automatically complete fields based on precedent data or recognized patterns, enhancing productivity.