While the top corporate tax rate was cut, deductions for capital expenditures were severely ______________, and as a result the effective tax rate for many corporations rose.
A. amended
B. curtailed
C. examined
D. extended
Answer:B
While the top corporate tax rate was cut, deductions for capital expenditures were severely ______________, and as a result the effective tax rate for many corporations rose.
A. amended B. curtailed C. examined D. extended