A Standard Amount Which Taxpayers Can Claim for Themselves and Dependents

question 82

Multiple Choice

A standard amount which taxpayers can claim for themselves and dependents is called a(n)

• A)allowance.
• B)deduction.
• C)exemption.
• D)exclusion.

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Definitions:

Puffery

A salesperson’s exaggerated claims concerning the quality of goods offered for sale. Such claims involve opinions rather than facts and are not considered to be legally binding promises or warranties.

Fraudulent Misrepresentation

False statements or claims made knowingly with the intention of deceiving another party, leading them to enter into a contract or agreement.

Undue Force

Excessive or inappropriate use of physical or psychological pressure in an attempt to influence someone's actions.

False Imprisonment

The act of restraining a person against their will in a bounded area without any legal authority to do so.