The Regular Standard Deduction Is Available to Which One of the Following

question 94

Multiple Choice

The regular standard deduction is available to which one of the following taxpayers?

• A)married taxpayer filing a separate return where the other spouse itemizes
• B)a person who has only unearned income and is a dependent of another
• C)an individual filing a return for a period of less than 12 months because of a change in accounting period
• D)an abandoned spouse

---

Definitions:

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical.

Profit-Maximizing

A strategy or approach used by businesses to determine the price and output level that generates the maximum amount of profit.

Marginal Cost

The cost of producing one additional unit of a product or service.

Marginal Revenue

Marginal revenue is the additional income received from selling one more unit of a good or service, important for businesses in determining optimal production levels.