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:

Tropical Forests

Dense forests located in the tropical regions of the world, characterized by high rainfall and biodiversity.

Neem Trees

Refers to a species of tree native to the Indian subcontinent, known for its medicinal properties and uses in organic farming as a natural pesticide.

Spermicide

A chemical agent used in some contraceptive products to kill or immobilize sperm, thereby preventing fertilization.

Natural Pesticides

Substances derived from natural sources (plants, bacteria, fungi, and certain minerals) used to control pests without synthetic chemicals.