Which,if Any,of the Statements Regarding the Standard Deduction Is Correct

question 147

Multiple Choice

Which,if any,of the statements regarding the standard deduction is correct?

• A)Some taxpayers may qualify for two types of standard deductions.
• B)Not available to taxpayers who choose to deduct their personal and dependency exemptions.
• C)May be taken as a for AGI deduction.
• D)The basic standard deduction is indexed for inflation but the additional standard deduction is not.
• E)None of these.

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Definitions:

Lateral Continuity

A geological principle that states layers of sediment initially extend laterally in all directions; in other words, they are laterally continuous.

Original Horizontality

A principle stating that layers of sediment are originally deposited horizontally under the action of gravity.

Superposition

A principle in geology stating that in an undeformed sequence of sedimentary rocks, each layer is older than the one above it and younger than the one below it.

Cross-Cutting Relations

The principle that a geologic unit or feature is older than a rock or feature that crosscuts it.