Ask Question
BusinessBusiness
10 May, 12:45

Which of the following is adjusted every year for inflation

A. Tax rates

B. Tax brackets

C. Sales Taxes

D. Taxes preparers

+4
Answers (1)
  1. 10 May, 16:12
    0
    Tax brackets are adjusted yearly by the Internal Revenue Service, also known as the IRS. They are adjusted yearly because the economy in the United States has inflation each year. The IRS will then adjust the tax brackets upwards for the citizens. The IRS will adjust things like the standard deduction, personal exemptions, etc for the cost of living. The taxes sometimes will stay the same, but the person or corporation will go into a different tax bracket. The correct answer will be B: Tax Brackets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is adjusted every year for inflation A. Tax rates B. Tax brackets C. Sales Taxes D. Taxes preparers ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The sustainable growth rate is based on the premise that:
Answers (1)
Panther Pacific uses the net method of accounting for purchases and sales. The net method assumes that discounts are taken when a purchase or sale of inventory is made on account.
Answers (1)
The principle prescribing that financial statements reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue is the: A. Going-concern principle B.
Answers (1)
One common advantage of a long-term investment is
Answers (1)
Franklin Manufacturing manufactures two models of windows, bay windows and casement windows. Franklin uses an activity-based costing system. The following information about the activities used to produce the company's products has been provided.
Answers (1)
New Questions in Business
Corporate shareholders: A. are proportionately liable for the firm's debts. B. are protected from all losses. C. have the ability to change the corporation's bylaws. D.
Answers (1)
Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 210,000 Total CL $ 70,000 Total CA $294,000 Long-term debt 70,000 Net fixed assets 126,000 Common equity 280,000 Total assets $420,000 Total liab.
Answers (1)
An employment test for men is used by a police department to find successful candidates. A woman who was denied employment with the police department based on her test scores sues the police chief.
Answers (1)
What is a great marketing strategy
Answers (2)
Ralph owns a small pizza restaurant, where he works full-time in the kitchen. his total revenue last year was $100,000, and his rent was $3,000 per month.
Answers (1)
Home » Business » Which of the following is adjusted every year for inflation A. Tax rates B. Tax brackets C. Sales Taxes D. Taxes preparers
Sign Up Forgot Password?