Which of the following must be adjusted to index a progressive tax system to inflation?

exams IIA-CIA-Part3-3P V1 IIA-CIA-Part3-3P exam 0 Comments

Which of the following must be adjusted to index a progressive tax system to inflation?
A . Tax deductions, exemptions, and tax filings.
B . Tax deductions, exemptions, and tax brackets.
C . Tax brackets, tax deductions, and tax payments.
D . Tax brackets, exemptions, and nominal tax receipts.

Answer: B