What is least accurate about the US experience with the income tax?

a. The federal income tax was not used for an extended period until after 1910.
b. In the late 1800s and early 1900s, people from the South and West were most likely to support an income tax.
c. Increases in the income tax were justified by using the money for more generous army pensions and increased military spending, especially for the US Navy.
d. Provisions for the income tax were stated in the US Constitution.

d. Provisions for the income tax were stated in the US Constitution.

Economics

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Suppose you obtain a fixed rate mortgage during a period of relatively high inflation. During the next ten years, inflation falls. Are you a winner or a loser due to inflation? Explain why

What will be an ideal response?

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Ways to "game" the budgeting process include

a. delaying sales if just short of a target b. delaying expenses if just short of a target c. accelerating sales once a target is met d. delaying expenses costs once a target is met

Economics