Which of the following items is not impacted by the taxpayer's income level?
A) Amount withheld for Social Security
B) Amount withheld for Medicare taxes
C) College expense credits
D) Personal exemptions

Question

Quizplus · Accepted Answer

Personal exemptions are not impacted by the taxpayer's income level as they are a fixed amount per person, whereas other items like college expense credits can be phased out at higher income levels.

Which of the Following Items Is Not Impacted by the Taxpayer's