According to Projections for 2016 by the Tax Policy Center

question 222

Multiple Choice

According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S.taxpayers who make the highest incomes

• A)use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.
• B)pay almost 69 percent of federal income taxes.
• C)pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
• D)pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.

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Definitions:

Changing Values

The process of altering the content or magnitude of data points within a dataset or spreadsheet.

Referenced Cells

Cells in a spreadsheet that are referred to by a formula or function in another cell.

Incorrect Number

Refers to an error or mistake involving a numerical value or figure, often leading to inaccurate results or understanding.

Insert Function Dialog

A popup or interface in spreadsheet software that assists users in selecting and applying functions to cells or data sets.