Which of the Following Statements Describing Individual Tax Deductions Is

question 30

Multiple Choice

Which of the following statements describing individual tax deductions is false?

• A) Individuals can take both above-the-line and the standard deduction in the same year.
• B) Individuals elect to itemize deductions in a tax year in which total itemized deductions exceed the standard deduction.
• C) In a year in which an individual takes the standard deduction, any itemized deductions yield no tax benefit.
• D) Individuals who pay self-employment tax can deduct the tax as an itemized deduction.

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