In Computing Taxable Income, an Individual Is Allowed to Deduct

question 18

True/False

In computing taxable income, an individual is allowed to deduct both the standard deduction and any itemized deduction for the year.

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Definitions:

Data-Flow Diagram

Diagrams that trace all data in an information system from the point at which data enters the system to its final resting place (storage or output).

Visual Representation

A method of conveying abstract information through images, charts, maps, and other graphical forms.

Architecture Neutral

A term describing software that can run on any hardware platform or operating system without modification.

CPUs

Central Processing Units; the primary component of a computer that interprets and executes instructions from software and hardware.