On June 1,2014,Ellen Turned 65

question 42

Multiple Choice

On June 1,2014,Ellen turned 65.Ellen has been a widow for five years and has no dependents.Her standard deduction is

• A)$3,950.
• B)$6,200.
• C)$7,750.
• D)$12,400.

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Definitions:

Income Curves

A graphical representation showing the distribution of income among individuals or households in a specified region or country.

Capacities To Enjoy

The inherent potential or capability individuals possess to derive satisfaction or pleasure from various activities or consumptions.

Baby Boomers

The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964.

Income Inequality

The unequal distribution of income within a population, often leading to social and economic disparities.