In 2014 Brett and Lashana (Both 50 Years Old)file a Joint

question 86

Multiple Choice

In 2014 Brett and Lashana (both 50 years old) file a joint tax return claiming as a dependent their son who is blind.Their standard deduction is

• A)$12,400.
• B)$13,600.
• C)$13,950.
• D)$7,750.

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Definitions:

Full Payment

Completion of payment for a product or service in total, settling all owed amounts without remaining balances.

General Journal

A fundamental accounting ledger where all financial transactions are initially recorded, employing a double-entry system.

Sales Tax

A tax imposed by government on sales of goods and services, collected by the seller and passed on to the government.

Cash Customer

A customer who pays for goods or services with cash at the time of purchase rather than buying on credit.