A Deduction for Charitable Contributions Is Available Only If a Taxpayer

question 23

True/False

A deduction for charitable contributions is available only if a taxpayer itemizes his or her deductions.

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Definitions:

Encryption

Process of encoding data for security purposes, using software that encodes and scrambles messages.

Public Exchange

a marketplace where securities, commodities, derivatives, and other financial instruments are traded openly, with prices based on supply and demand.

E-Commerce

The buying and selling of goods and services over the internet.

E-tailing

Electronic retailing or online shopping, which is the sale of goods and services through the internet.