Matt Paid the Following Taxes in 2014: What Amount

question 70

Multiple Choice

Matt paid the following taxes in 2014: What amount can Matt deduct as an itemized deduction on his tax return?

• A)$7,500
• B)$11,500
• C)$15,500
• D)$19,500

---

Definitions:

External Factor

Influences that impact an individual or organization but originate outside of their control.

Illusion of Control

The erroneous belief that one can influence or control outcomes that are actually determined by chance.

Discounting Principle

A psychological concept suggesting that when there are multiple perceived causes for behaviour, the importance of any single cause is diminished.

False Consensus Effect

The cognitive bias where a person overestimates the extent to which their beliefs, values, or behaviors are normal and shared by others.