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As Opposed to Itemizing Deductions from AGI, the Majority of Individual

question 81

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As opposed to itemizing deductions from AGI, the majority of individual taxpayers choose the standard deduction.


Definitions:

Limestone

A sedimentary rock composed mainly of calcium carbonate (CaCO3), often formed from the skeletal fragments of marine organisms.

Karst Topography

A landscape formed from the dissolution of soluble rocks such as limestone, characterized by underground drainage systems and sinkholes.

Sinkhole

A depression or hole in the ground caused by the collapse of a surface layer, often due to the dissolution of the underlying limestone, volcanic activity, or water drainage.

Stalactite

A type of speleothem that hangs from the ceiling of limestone caves, formed by the precipitation of minerals from water dripping down.

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