Which of the Common Deductions Below Are Allowed for Both

question 96

Multiple Choice

Which of the common deductions below are allowed for both regular tax purposes and for AMT purposes?

• A)The standard deduction
• B)Personal and dependency exemptions
• C)State income taxes,property taxes,and all other taxes deducted on Schedule A
• D)Mortgage interest from the acquisition of a residence costing less than $1 million
• E)Miscellaneous itemized deductions taken on Schedule A

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the influence of personal traits and underestimate the effects of situations when explaining others' behaviors.

Milgram's Research

A series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Obedience

is the act of following orders or instructions from an authority figure, often studied in psychology as a behavior of compliance.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.