Multiple Choice
"Bracket Creep" happens when
A) tax liabilities are based on real income and there is a negative inflation rate.
B) tax liabilities are based on real income and there is a positive inflation rate.
C) tax liabilities are based on nominal income and there is a negative inflation rate.
D) tax liabilities are based on nominal income and there is a positive inflation rate.
Correct Answer:
Verified
Correct Answer:
Verified
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