The Tax Cut of 2001

question 242

Multiple Choice

The Tax Cut of 2001

• A)permanently eliminated the inheritance tax.
• B)lowered the minimum marginal tax rate from 15 percent to 10 percent.
• C)will lower the top marginal tax rate to 23 percent by the end of the decade.
• D)expires in 2006.

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Definitions:

Social Self-Esteem

One's perception of their own worth as it pertains to their social relationships and standing within a group.

Learned Helplessness

A psychological condition in which an individual believes they have no control over the outcomes of situations, due to a history of failed attempts to control the environment.

Success

The achievement of a set goal, objective, or desired outcome, often recognized through accomplishment, wealth, or recognition.

Ability

A person's level of competence or skill in performing a specific task or in a particular area of work or study.