If Husband and Wife fiLe Separate Returns, Both Must Either

question 50

True/False

If husband and wife file separate returns, both must either itemize or choose the standard deduction.

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Definitions:

Global Companies

Enterprises that operate in multiple countries around the world, offering products or services to a global customer base.

Fluctuations

Variations or changes in level, degree, or value that occur over a period of time.

Global Marketplace

Refers to the international, interconnected market where businesses from various countries can exchange goods and services.

Direct Investment

A financial commitment made by an entity located in one country to gain controlling interest in a company situated in a different country.