1. When tax rates are decreasing, deferring taxable income into later tax years is a good timing tax strategy.

Group of answer choices

True

False

2. The marginal tax rate is used to calculate the incremental tax (or tax savings) on additional income (or additional deduction).

Group of answer choices

True

False

3. Tax law allows for a minimal charitable contribution deduction for AGI for taxpayers that do not itemize deductions.

Group of answer choices

True

False