Which of the Following Statements Concerning the Overall Limitation on Itemized

question 85

Multiple Choice

Which of the following statements concerning the overall limitation on itemized deductions is true?

• A) The limitation has no effect on a taxpayer's standard deduction.
• B) The limitation can reduce a taxpayer's total itemized deductions to zero.
• C) The limitation applies only to taxpayers with a 39.6% marginal income tax rate.
• D) Statements A., B., and C. are false.

---

Definitions:

Treatises

Extensive written works covering the principles or details of a particular subject, often used for legal or academic purposes.

Secondary Sources

Informational works deriving from analysis, criticism, or interpretation of primary sources, such as textbooks or reviews.

Persuasive Authorities

Legal resources that, while not binding, may influence a court's decision due to their persuasive value or reasoning.

Scholarly Works

Publications that contribute to academic literature, often characterized by peer-review and research-driven content.