The Standard Deduction in 2013 for a Single Filer Is

question 156

True/False

The standard deduction in 2013 for a single filer is $6,100 and for married people filing jointly is $12,200.

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Definitions:

Opportunity Set

The range of options available for a person or organization to choose from, given their resources and constraints.

Income

Money received, especially on a regular basis, for work or through investments.

Monthly Income

The total amount of money earned or received by an individual or household within the span of a month.

Beer

An alcoholic beverage made from fermented grains, primarily barley, with hops adding flavor.