The Tax Cut of 2003 Includes All of the Following

question 290

Multiple Choice

The Tax Cut of 2003 includes all of the following provisions EXCEPT

• A)The child income tax credit was raised from $600 to $1,000.
• B)The lowest minimum tax rate was lowered from 15 percent to 10 percent.
• C)The highest income tax bracket was reduced from 38.6 percent to 35 percent.
• D)The top personal income tax rate paid by stockholders on corporate dividends and on capital gains was lowered to 15 percent.

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Definitions:

Experiment

A scientific procedure undertaken to test a hypothesis by manipulating and measuring variables to observe the effect.

Independent T-tests

A statistical test that compares the means of two independent groups in order to determine if there is a statistically significant difference between them.

Statistical Difference

A significant change or discrepancy between groups or conditions that is unlikely to have occurred by chance.

Normally Distributed

Normally distributed describes a statistical distribution that is symmetrical and bell-shaped, characterizing many natural phenomena, where most occurrences take place around the average value, with fewer instances at the extremes.