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Use the graph to find the x- intercept and y- intercept.
Limit
The maximum amount, quantity, or level permitted, often used in financial contexts to describe caps on deductions, contributions, or benefits.
Standard Deduction
A fixed dollar amount that reduces the income on which you are taxed, an alternative to itemizing deductions, varies based on filing status.
Tax Year
The 12-month period for which tax is calculated and paid. It can be a calendar year or a fiscal year.
Filing Joint Return
The tax filing status used by married couples who choose to combine their income and report it on one tax return.
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