Which of the Following Statements Regarding Tax Deductions Is False

question 19

Multiple Choice

Which of the following statements regarding tax deductions is false?

• A)Taxpayers are not entitled to any deductions unless specific provisions in the tax code allow the deductions.
• B)Deductions can be labeled as deductions above the line or deductions below the line.
• C)From AGI deductions tend to be associated with business activities while for AGI deductions tend to be associated with personal activities.
• D)The standard deduction is a from AGI deduction.

---

Definitions:

Proposition

A contention that represents a judgment or point of view.

Division

In mathematics, the operation of ascertaining how many times one number is contained within another; in logic, a fallacy that assumes what is true of the whole is also true of its parts.

Fallacy

An incorrect reasoning process that results in the invalidity of an argument.

Raccoons

Medium-sized mammals known for their distinctive facial mask and ringed tail, often found in North America.