In 2014,the Additional Standard Deduction for a Single Taxpayer,who Is

question 57

True/False

In 2014,the additional standard deduction for a single taxpayer,who is 65 or older and not blind,is $1,200.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholders, representing a distribution of profits.

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.

Indirect Method

A financial reporting approach where increases and decreases in inventory, accounts payable, and accounts receivable are reflected in cash from operating activities.

Operating Activities

Activities related to the day-to-day functioning of a business that are reflected in its cash flow from operations.