The Jobs and Growth Tax Relief Reconciliation Act of 2003 ch

The Jobs and Growth Tax Relief Reconciliation Act of 2003 changed which of the following?

The general tax rate applicable to corporations

The general tax rate applicable to net capital gains for individuals

The general tax rate applicable to net capital gains for corporations

The general tax rate applicable to foreign corporations

Solution

Correct option is > The general tax rate applicable to net capital gains for individuals

The jobs and growth tax relief reconciliation act of 2003 gave highlights related to rate reduction for individuals hence the best choice is above rest all options talks about corporation not individuals.