Determine the allowed standard deduction amount


Response to the following questions:

1 .Itemized deductions are a concept unique to individual taxpayers

2 .A tax credit of $100 is always better than a tax deduction of $100.

3. The standard deduction for a person claimed as a dependent on another's tax return is $0.

The standard deduction for married persons who file separately from their spouses is $0 if their spouse chooses to take itemized deductions instead of the allowed standard deduction amount.

 

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Taxation: Determine the allowed standard deduction amount
Reference No:- TGS02108685

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