In 2017, high-income individuals are required to forfeit part of their itemized deductions. This effectively: a. Reduces

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In 2017, high-income individuals are required to forfeit part of their itemized deductions. This effectively:

a. Reduces their overall tax rate.

b. Does not affect their overall tax rate.

c. Increases their overall tax rate.

d. None of the above.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 19, 2018 12:36 PM

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In 2017, high-income individuals are required to forfeit part of their itemized deductions. This effectively: a. Reduces

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Fundamentals Of Taxation 2018

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