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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 14: The Individual Tax Formula
  5. Question
    In Computing Taxable Income, an Individual Is Allowed to Deduct
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In Computing Taxable Income, an Individual Is Allowed to Deduct

Question 18

Question 18

True/False

In computing taxable income, an individual is allowed to deduct both the standard deduction and any itemized deduction for the year.

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