1the federal personal income tax is progressive tax A true B false 2A long term capital gain would b

1the federal personal income tax is progressive tax

A true B false

2A long term capital gain would be taxed at the same rate as earn income

A true B false

3a budget is a

A Financial statement B line of credit C purchase plan D detailed financial forecast E set of personal financial objective

4the income statement include

A income, liabilities, net worth

B income, expenditures, surplus or deficit

C expenditures, net worth , surplus or deficit

D net worth, surplus, income or expenditures

E savings, surplus, income or expenditures

5the amount of taxes you owe is calculated by using____income

A taxable

B net

C take-home

D adjust gross

E Gross