Question

1. Which of the following statements about income taxes is incorrect: a) Marriage penalties are more...

1. Which of the following statements about income taxes is incorrect: a) Marriage penalties are more common when spouses have similar incomes, b) Marriage bonuses are more common when spouses have disparate incomes, c) Couples receiving marriage bonuses greatly outnumber those incurring penalties, d) Couples incurring marriage penalties greatly outnumber those receiving benefits.

2. Each of the following are true of TANF (Temporary Assistance to Needy Families) except: a)Families can only use TANF for a total of 5 years in their lifetime, b) TANF does not have work requirements for recipients, c) States can spend TANF money on things other than cash assistance, d) Immigrants may not receive TANF until they have been in the country for more than 5 years

3. Which of the following bills on labor market discrimination has not yet become law: a)The Equal Pay Act, b)The Civil Rights Act, c)Title VII, d) The Paycheck Fairness Act

Homework Answers

Answer #1

1 Option D

Filing together can get you more deductions and other tax benefits. For many people, getting married and filing a joint allows for more deductions. However, if you were married and your spouse earned a good income, your business loss helps offset that income on a joint return.

2. Option B

For families receiving TANF cash assistance, federal law requires states to engage at least 50 percent of all families with a work-eligible individual and 90 percent of two- parent families with two work-eligible individuals. It varies by state.

3.Option D

The Paycheck Fairness Act (S. 819 and H.R. 1869) is a proposed United States labor law that would add procedural protections to the Equal Pay Act of 1963 and the Fair Labor Standards Act as part of an effort to address the gender pay gap in the United States.

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