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:

Output

The amount of goods or services produced by a company, industry, or economy within a certain period.

Variable Costs

Costs that vary directly with the level of output, such as raw materials and direct labor expenses.

Labor

The human effort, either physical or mental, employed in the production of goods and services.

Materials

Raw elements or substances used in the production or manufacturing of goods.