Derek,age 46,is a Surviving Spouse

question 63

True/False

Derek,age 46,is a surviving spouse.If he has itemized deductions of $12,500 for 2013,Derek should not claim the standard deduction.

---

Definitions:

Wealth Gap

The unequal distribution of assets across a population.

Inherited Properties

Attributes, possessions, or genetic traits transmitted from parents to their offspring through genes or by legal means after death.

Federal Minimum Wage

The lowest hourly wage that employers can legally pay their workers as mandated by the U.S. federal government.

Redlining

Discriminatory practice by banks or other financial institutions of denying or limiting financial services to certain neighborhoods based on racial or ethnic composition.