Taxpayers Have the Choice of Claiming Either the Personal and Dependency

question 116

True/False

Taxpayers have the choice of claiming either the personal and dependency exemption or itemized deductions.

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Definitions:

Prohibited

Something that is forbidden or disallowed by law or regulation.

Illegal

Activities or actions that are forbidden by law and subject to penalties.

Lack of License

The absence of a required legal permit or authorization to perform a certain activity or business.

Enforcement

The act of compelling compliance with a law, regulation, agreement, or ruling, often by a governing body or authoritative entity.