Which of the Following Is a True Statement

question 106

Multiple Choice

Which of the following is a true statement?

• A)The standard deduction is increased for taxpayers who are blind or deaf at year-end
• B)A married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65
• C)Bunching itemized deductions is a legal method of tax avoidance
• D)The standard deduction is subject to a phase-out based on AGI
• E)All of these choices are true.

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Definitions:

Golden Age

A period in history marked by peace, prosperity, and cultural achievements, often idealized or considered a pinnacle in a civilization's history.

Stable Prices

A situation in the economy where prices of goods and services remain consistent over time without significant inflation or deflation.

Trade Surplus

A situation where a country's exports exceed its imports over a certain period, leading to a positive balance of trade.