Question: Question 1 5 pts 21. 1099 forms are only issued by banks, mutual fund companies and brokerage firms because they detail the taxable interest, dividends

Question 1 5 pts 21. 1099 forms are only issued by

Question 1 5 pts 21. 1099 forms are only issued by banks, mutual fund companies and brokerage firms because they detail the taxable interest, dividends and capital gains you earned the previous calendar year. o True O False Question 2 5 pts 114. The value of a deduction depends on your marginal tax rate (or the top tax bracket you are in). o True o False Question 3 5 pts 13. Your federal marginal income tax rate for any given year is determined by your gross income. O True O False Question 4 5 pts 51. The Internal Revenue Service is only allowed to ask you to produce documents supporting tax returns from no more than three years ago. o True o False

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