Which of the Following Statements Regarding the Calculation of Regular

question 5

Multiple Choice

Which of the following statements regarding the calculation of regular tax liability is false?

• A)The rate schedule for calculating regular tax liability depends on the taxpayer's filing status.
• B)All taxpayer,regardless of the amount of their taxable income,pay a 10% tax on their first bracket of income.
• C)The individual tax rate schedules are adjusted annually for inflation.
• D)All of the tax brackets in the single rate schedule are one-half of the brackets in the married-filing-jointly rate schedule.

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