Examlex
According to the text,which of the following statements about contests and sweepstakes is true?
Federal Tax Bracket
Categories at different income levels in the U.S., where varying tax rates are applied.
State Tax Bracket
The division of income ranges that are used to determine the tax rate applicable to an individual's or entity's income within a particular state.
After-tax Return
The profit generated from an investment after all applicable taxes have been paid.
Tax Exemption
A monetary exemption which reduces taxable income, allowing certain income or transactions to be legally exempt from taxation.
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