Which one of the following statements is correct regarding the new TCJA legislation? o A. The...

Question

Question

Answer 1

Answer #1

Answer is as under :

1) Option C : The Corporate tax rate is 21% for any level of income

Before it was 35% but now reduced to 21 % . It reduced the alternative minimum tax for individuals and eliminating it for corporations .

2) Option B : Claiming head of household status

Answer 2

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