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  3. Study Set
    Principles of Finance
  4. Exam
    Exam 6: Business Organizations and the Tax Environment
  5. Question
    Individual Taxpayers Can Itemize Allowed Expenses If They Have Income
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Individual Taxpayers Can Itemize Allowed Expenses If They Have Income

Question 90

Question 90

True/False

Individual taxpayers can itemize allowed expenses if they have income of over $250,000,but they must take the standard deduction if their income is below $250,000.

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