The Additional Standard Deduction Amount for a Taxpayer Who Is

question 7

Multiple Choice

The additional standard deduction amount for a taxpayer who is 65,single and blind is:

• A) $3,100.
• B) $2,400.
• C) $2,700.
• D) $3,000.

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Definitions:

Rescission

A remedy in contract law that returns both parties to a contract back to their original positions before the contract was entered into.

Undue Influence

The exercise of improper influence by one person over another to persuade them to act in a way that is contrary to their own interests.

Breach of Contract

The failure, without legal justification, to fulfill one's obligations under a contract.

Reimburse

To repay money that has been spent or lost, often associated with expenses incurred during employment or other approved activities.