Opponents of tax reforms intended to raise saving argue that such reforms a. favor those with high income, and that saving may not rise because of the substitution effect. b. favor those with high income, and that saving may not rise because of the income effect. c. favor those with low income, and that saving may not rise because of the substitution effect. d. favor those with low income, and that saving may not rise because of the income effect.

Option B                                

Explanation:

In simple words, under such tax reforms the government is intending to raise indirect taxes which will lead to higher prices of certain goods and is also declining taxes on savings. Both of these steps will work as an incentive for individuals to save more.

However a big majority of community is stating that this will only lead to more burden on the weaker section due to higher prices of commodities and will eventually result in lower standard of living for certain individuals.          

Yes Alice needs to file taxes because her total income was more than $12,00 (the federal minimum for single taxpayers to file taxes).

She will need both of her W2 forms and a 1040EZ form since she will not have enough deductions to itemize her taxes.

Deadline is April 15 (tax Day).

I would recommend she file her taxes online with a tax company like HR Block.