Which, If Any, of the Statements Regarding the Standard Deduction

question 85

Multiple Choice

Which, if any, of the statements regarding the standard deduction is correct?

• A) Some taxpayers may qualify for two types of standard deductions.
• B) The standard deduction is not available to taxpayers who are dependents.
• C) The standard deduction may be taken as a for AGI deduction.
• D) The basic standard deduction is indexed for inflation but the additional standard deduction is not.
• E) None of these.

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Definitions:

Gay Liberation Movement

The social and political effort, gaining momentum in the late 1960s, to achieve equal rights and societal acceptance for gay, lesbian, bisexual, and transgender individuals.

National Organization For Women

Organization founded in 1966 by writer Betty Friedan and other feminists; it pushed for abortion rights, nondiscrimination in the workplace, and other forms of equality for women.

Equal Health Insurance

The principle or policy that all individuals should have access to the same quality of health insurance coverage, without discrimination or disparity.

American Indian Movement

A grassroots movement founded in 1968 aimed at addressing issues of sovereignty, treaty rights, and well-being among Native American peoples.