The Standard Deduction Is Allowed for Regular Income Tax Purposes

question 21

True/False

The standard deduction is allowed for regular income tax purposes but is disallowed for AMT purposes.This results in a positive AMT adjustment.

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Definitions:

Homosexual Orientations

Refers to a sexual orientation characterized by a romantic or sexual attraction towards individuals of the same sex.

Genetic Reasons

Factors related to genes and heredity that explain certain traits or medical conditions.

Hormonal Reasons

Explanations for physiological or behavioral phenomena that are based on the activity or levels of hormones in the body.

Homosexuals

People who prefer sexual partners of the same sex. People usually call homosexual men gay and homosexual women lesbians.