Which of the Following Statements Describing Individual Tax Deductions Is

question 15

Multiple Choice

Which of the following statements describing individual tax deductions is false?

• A) In a year in which an individual takes the standard deduction, any itemized deductions yield no tax benefit.
• B) The majority of individual taxpayers itemize rather than taking the standard deduction.
• C) Individuals elect to itemize deductions in a tax year in which total itemized deductions exceed the standard deduction.
• D) Individuals who pay self-employment tax can deduct one half of the tax as an above-the-line deduction.

---

Definitions:

Endoderm

One of the three primary germ layers in the early embryo that develops into the interior linings of the digestive system and the respiratory system.

Cells

The basic structural, functional, and biological units of all known living organisms, acting as the building blocks of life.

Ectoderm

The outermost layer of cells in the early embryo from which the skin, nervous system, and sensory organs develop.

Embryonic Development

The process during which an embryo forms and develops, starting from fertilization to the fetal stage.