When a Hyphen Is Placed in a Phone Number, Like

question 125

Multiple Choice

When a hyphen is placed in a phone number, like 964-2281, remembering the phone number is easier because the hyphen encourages one to make use of

• A) rehearsal.
• B) chunking
• C) savings method.
• D) attention.

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Definitions:

Marginal Tax Rate

The rate at which the next dollar of taxable income will be taxed, a tool used to gauge the impact of additional income or deductions on income tax.

Taxable Income

The amount of income used to calculate how much the tax will be for an individual or a corporation, after all deductions and exemptions.

Tax Liability

The total amount of tax owed to the IRS by an individual or business for a given tax year.

Income Tax Formula

The calculation used to determine the amount of income tax that an individual or entity owes to the government.