Multiple Choice
Which,if any,of the statements regarding the standard deduction is correct?
A) The basic standard deduction is indexed for inflation but the additional standard deduction is not.
B) Not available to taxpayers who choose to deduct their personal and dependency exemptions.
C) Not available to taxpayers who choose to claim their deduction for AGI.
D) Some taxpayers may qualify for two additional standard deductions.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: During 2010,Carmen had salary income of $90,000
Q36: The Hutters filed a joint return for
Q37: Muriel,age 70 and single,is claimed as a
Q38: It is possible for an individual taxpayer
Q39: Logan,an 80-year-old widower,dies on January 2,2010.Even though
Q41: Kyle,whose wife died in December 2007,filed a
Q42: Warren,age 17,is claimed as a dependent by
Q43: Millie,age 80,is supported during the current year
Q44: In terms of the tax formula applicable
Q45: Wilma is a widow,age 80 and blind,who