The Sharp Reduction in Marginal Tax Rates During the 1980s

question 55

Multiple Choice

The sharp reduction in marginal tax rates during the 1980s

• A) reduced the incentive of high-income Americans to work.
• B) increased the incentive of high-income Americans to utilize tax shelters.
• C) increased the unemployment rate of high-income Americans.
• D) increased the visible income of high-income Americans.

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Definitions:

Performance-Driven Culture

An organizational environment that prioritizes and rewards achievement, results, and high performance among its staff.

HRM System

Human Resource Management System; an integrated suite of software applications used to manage and automate many HR processes, including recruitment, employee management, and payroll.

Performance Measurement

A method used by organizations to evaluate and assess the efficiency and effectiveness of its operations, often by analyzing quantitative data.

Promotion

The advancement of an employee to a higher position or job title within a company.