An Itemized Deduction Doesn't Result in Any Tax Savings in a Year

question 63

True/False

An itemized deduction doesn't result in any tax savings in a year in which an individual taxpayer takes the standard deduction.

---

Definitions:

Average Outgoing Quality

The average quality level of products after defective items have been removed through screening or quality control procedures.

Inspection

A means of ensuring that an operation is producing at the quality level expected.