Statement I: We Could Make the Social Security Tax Less

question 69

Multiple Choice

Statement I: We could make the Social Security tax less regressive by lowering the wage-base limitation to $25,000.
Statement II: The highest marginal tax rate on the federal personal income tax is 31 percent.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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