Deborah,who Is Single,is Claimed as a Dependent on Her Parents

question 62

Multiple Choice

Deborah,who is single,is claimed as a dependent on her parents' tax return.She had a part-time job during 2015 and earned $850 during the year,which was her only income.What is her standard deduction?

• A)$850
• B)$1,050
• C)$1,200
• D)$6,300

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Definitions:

Weighted Average Cost

A measure that calculates the average cost of goods available for sale, considering the weight of each unit's cost.

Cost of Equity

The rate of return that a company is expected to pay out to its shareholders for their investment in the company, factoring in the risk of the investment.

Cost of Preferred

This refers to the required return on investment for preferred stock, representing the cost to a company for issuing such stock.

Pretax Cost of Debt

The interest rate a company pays on its debts, before taking taxes into account.