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The Standard Deduction in 2014 for a Married Couple,under 65

question 42

True/False

The standard deduction in 2014 for a married couple,under 65 and not blind,is $12,400.


Definitions:

Dividend

A portion of a company's earnings distributed to its shareholders, typically on a regular basis.

Cumulative Preferred Stock

A type of preferred stock that accumulates unpaid dividends, which must be paid out before any dividends can be issued on common stock.

Common Stock

Common stock refers to shares of ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.

Commission Charges

Fees paid to an agent or company for facilitating a sale, typically calculated as a percentage of the sale price.

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