The Regular Standard Deduction Is Available to Which One of the Following

question 90

Multiple Choice

The regular standard deduction is available to which one of the following taxpayers?

• A)married taxpayer filing a separate return where the other spouse itemizes
• B)a person who has only unearned income and is a dependent of another
• C)an individual filing a return for a period of less than 12 months because of a change in accounting period
• D)a same sex couple married under New York state law.

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Definitions:

Consumer Price Index

A measure that determines the average movement over time in the pricing urban shoppers pay for a selected assortment of consumer goods and services.

Producer Price Index

A gauge of economic health that records the mean shift over periods in the sale prices domestic producers earn from their output.

Consumer Price Index

An index measuring the variation in prices paid by typical consumers for retail goods and other items.

Inflation Rate

The swift rise in the average pricing of goods and services, resulting in the erosion of purchasing capabilities.