In 2014 the Standard Deduction for a Married Taxpayer Filing

question 134

Multiple Choice

In 2014 the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is

• A)$12,400.
• B)$13,600.
• C)$14,800.
• D)$15,500.

---

Definitions:

Utility Patent

is a legal document that grants exclusive rights to an inventor for a new, useful, and non-obvious process, machine, manufacture, or composition of matter.

Prototype

An early sample, model, or release of a product built to test a concept or process.

Modified Wings

Alterations made to the wing design of an aircraft to improve performance, efficiency, or to meet specific requirements.

Copyright

A form of protection for intellectual property provided to the creator of a literary, musical, or artistic work for a period of the creator’s life plus 50 years.