The Basic Standard Deduction in 2014 for a Single Taxpayer,under

question 52

Multiple Choice

The basic standard deduction in 2014 for a single taxpayer,under 65 and not blind,is:

• A) $6,100.
• B) $3,950.
• C) $9,100.
• D) $6,200.

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Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts, used predominantly in England and countries influenced by English legal systems.

Hydraulic Fracturing

A process used in the oil and gas industry to increase the flow of oil or gas from a well by injecting high-pressure fluid into the surrounding rock.

Fracking

A method of extracting natural gas or oil from the earth by injecting fluid into subterranean rocks at high pressure.

Civil Law

Civil law is a legal system that deals with disputes between private parties, and includes laws such as contracts, torts, and property, distinguishing it from criminal law.