Which Factors Affect Your Choice Between Claiming Itemized Deductions and the Standard

question 7

Multiple Choice

Which factors affect your choice between claiming itemized deductions and the standard deduction?

• A) home ownership, as mortgage interest may exceed the standard deduction
• B) more deductible expenses this year than last year, as a result of unforeseen circumstances or planned "bunching" of deductions
• C) ease and simplicity of filing
• D) year long recordkeeping to thoroughly and accurately document itemized deductions
• E) all of the above

---

Definitions:

Organizational Performance

Measures how effectively and efficiently an organization achieves its goals and meets its objectives.

Strategic Workforce Management

The proactive approach to managing an organization's employees in alignment with its business goals.

Labour Unions

Organizations that represent workers' interests, negotiating wages, benefits, and working conditions with employers.

Human Resource Management

The strategic approach to effectively managing an organization's employees and workplace culture to achieve its business objectives.