Question

When the 2017 Tax Cut and Jobs Act passed, what was the approximate average annual tax cut individual taxpayers received, increasing their after tax income by about 1.7 percent?

a) $130
b) $1,300
c) $13,000
d) $130,000

Answer 1

The average annual tax cut individual taxpayers received from the 2017 Tax Cut and Jobs Act was approximately $1,300.

Step-by-step explanation:

The approximate average annual tax cut individual taxpayers received when the 2017 Tax Cut and Jobs Act was passed was $1,300.