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CPS Online Personal Finance fall – 3-2027
Budgeting
Question 5
5
Quiz
Multiple Choice
Budgeting
Question 5 • ***CPS Online Personal Finance fall – 3-2027
What effect would a tax increase have on income?
Answer
A
It would reduce gross income.
B
It would not affect net income.
C
It would increase net income.
D
It would not affect gross income.
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