If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is

Jenna deposits $1,000 in a bank at an interest rate of 6% compounded annually. What is the future value of the sum deposited after: a) two years. b) four years

What will be an ideal response?

Exemptions and deductions are used

A) to determine what items are subject to sales taxes. B) by taxpayers to reduce the amount of income subject to tax. C) to add to taxes that must be paid. D) to determine the type of tax structure.