Phyllis, Who Is Single, Has Itemized Deductions Totaling $20,000

question 2

True/False

Phyllis, who is single, has itemized deductions totaling $20,000.She overpaid her 2018 state income tax and is entitled to a refund of $400 in 2019.Phyllis chooses to apply the $400 overpayment toward her state income taxes for 2019.She is required to recognize that amount as income in 2019.

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Definitions:

Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Poverty

A state where an individual or group lacks the financial resources and essentials for a minimum standard of living.

Physical Well-being

A state of health and physical fitness, including the absence of disease, functional fitness, and the ability to perform daily activities.

Intravenous Drug Use

The act of administering substances directly into a vein, often associated with the consumption of illicit drugs.