Tax Trivia - July 2008 Newsletter              

1.     As recently as 1980, the top federal tax rate was _____, which is double today’s top federal tax rate.

      A. 35%  B. 55%   C. 70%   D. 30%

2. Effective July 24th, 2008, the federal minimum wage is increased to $____________.

3. If you filed your tax return AFTER April 15th, when can you expect to receive your Economic Stimulus Rebate?   

      A.  Late filers do not qualify for the rebate
      B.   Six weeks after filing
      C.   Six months after filing
      D.  Three months after filing

Answers

1.  C. 70%