Even If the Total of the Itemized Deductions Is Lower

question 40

True/False

Even if the total of the itemized deductions is lower than the standard deduction,a taxpayer should choose to itemize on his or her tax return.

---

Definitions:

P Value

A statistical measure that helps researchers determine whether their hypotheses are correct; it represents the probability of observing the obtained results, or more extreme, by chance if the null hypothesis of a study is true.

Statistically Significant

A term used to describe a result in data analysis that is unlikely to have occurred by chance alone, indicating a true effect or relationship.

Clinically Significant

A degree of significance in clinical findings indicating that an effect or difference is large enough to matter clinically or impact healthcare decisions.

Analogue Study

Research method in which participants are exposed to conditions that simulate real-life situations to examine psychological processes.