Sara Is Single and Has No Dependents

question 110

Multiple Choice

Sara is single and has no dependents.What is the total amount of her standard deduction and personal exemption for 2015?

• A)0
• B)$4,000
• C)$6,300
• D)$10,300

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Definitions:

Public Saving

is the difference between the taxation revenue that the government receives and its spending.

National Saving

The total amount of savings generated within a country, including both private and public savings, which is key to funding investment.

Tariff

A tax imposed by a government on imported goods, often to protect domestic industries from foreign competition.

Imports

Goods and services bought from foreign countries for domestic consumption or use.