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anhsu anhsu
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4 years ago
Suppose that a person in the United States earns $5,000 and faces an income tax rate of 25 percent. If that person saves $2,000 and invests it at 12 percent then he or she will pay

▸ less in taxes because of the saving.

▸ more in taxes than if there had been no saving.

▸ tax only on the income spent.

▸ tax only on the amount saved.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
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krobdancekrobdance
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4 years ago
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anhsu Author
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4 years ago
Thank you, thank you, thank you!
byehoe
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Yesterday
Thanks for your help!!
nadiia
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2 hours ago
this is exactly what I needed
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