Multiple Choice
Which of the following statements regarding the calculation of regular tax liability is false?
A) Regardless of filing status, the highest marginal rate for individual taxpayers is 37%.
B) The individual tax rate schedules are adjusted annually for inflation.
C) All of the tax brackets in the married-filing-separately rate schedule are one-half of the brackets in the married-filing-jointly rate schedule.
D) None of these choices are false.
Correct Answer:
Verified
Correct Answer:
Verified
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