Which of the Following Is a True Statement

question 18

Multiple Choice

Which of the following is a true statement?

• A) The standard deduction is increased for taxpayers who are blind or deaf at year end.
• B) A married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65.
• C) Bunching itemized deductions is a legal method of tax avoidance.
• D) The standard deduction is subject to a phase-out based on AGI.
• E) All of the choices are true.

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Definitions:

Real Commodity Prices

The prices of commodities adjusted for inflation, representing the true cost over time.

Demand And Supply

The fundamental economic concepts that describe the amount of a product or service available for sale at a particular price (supply) and the desire of buyers to purchase it (demand).

Overuse Of Natural Resources

The excessive use of natural resources, leading to their depletion or degradation, often faster than they can be replenished.

Paul Ehrlich

An environmental scientist known for his work on the population, resources, and the environment.