Derek,age 46,is a Surviving Spouse

question 33

True/False

Derek,age 46,is a surviving spouse.If he has itemized deductions of $11,700 for 2011,Derek should not claim the standard deduction.

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Definitions:

Expected Return

The average return an investor anticipates on an investment which is uncertain, based on the probable returns.

States of Economy

The various conditions that can describe an economy, including growth, recession, depression, and recovery.

Probabilities

A measure of the likelihood that a certain event will occur, often expressed as a number between 0 and 1.

Stock Volatilities

Stock volatilities measure the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns, indicating the investment's risk.