The Standard Deduction Is Allowed for Regular Income Tax Purposes

question 21

True/False

The standard deduction is allowed for regular income tax purposes but is disallowed for AMT purposes.This results in a positive AMT adjustment.

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Definitions:

Chromat

Pertains to color, used in terms and contexts related to coloring or pigmentation, as in chromatography.

Erythrocyte

A red blood cell that is responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide as a waste product away from tissues and back to the lungs.

Lymphatic System

A part of the immune system, consisting of a network of vessels, ducts, nodes, and organs that helps to maintain bodily fluid levels, defend against infections, and remove cellular waste.

Thrombocytes

Another term for platelets, which are blood cells involved in blood clotting.