30) Income that will be taxed at a Inter date is A) Tax.deferred income B) Tax-exempt income. C) Adjusted gross income D) Exclusions from income E) Earned income. 31) 31) A progressive tax is one where citizens A) pay a lower marginal tax rate is income increase B) pay the same percentage of tax rate regardless of C) pay a higher marginal tax rate as income decreases D) pay a higher marginal tax rate as income increases E) are not required to pay taxes. 32) Tips and bonuses are forms of A) Passive income B) Tax-deferred income. C) Tax-exempt income. D) Exclusions from income. E) Earned income. 33) 33) Gross income less Adjustments to Income equals A) Tax-deferred income. B) Tax-exempt income. C) Adjusted gross income. D) Earned income. E) Exclusions from income. 34) 34) At the end of the year, employees receive a form that reports annual earnings and the amounts deducted for taxes from their employers. A) 1040 B) 1099 C) W-2 D) W-4 E) Schedule A 35) 35) Which of the following is NOT an action that can reduce your taxes? A) Taking out a consumer loan. B) Owning a home. C) Depositing money into a flexible spending account (FSA). D) Investing in municipal bonds. E) Contributing to a 401(k) retirement account. A-6