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Once They Reach Age 65, Many Taxpayers Will Switch from Itemizing

question 131

True/False

Once they reach age 65, many taxpayers will switch from itemizing their deductions from AGI and start claiming the standard deduction.

Discuss the effect of social and cultural factors on cognitive development as outlined by Vygotsky.
Identify and explain the concepts of assimilation and accommodation in Piaget’s theory.
Evaluate the impact of cognitive development theories on educational practices.
Understand the concept of cognitive development in late adulthood as described by Schaie.

Definitions:

Mental Categories

The organization of knowledge in the mind into groups or classes based on shared characteristics or attributes.

Classifying

The action or process of categorizing things based on shared qualities or characteristics.

Concepts

Generalized ideas representing categories or classes of objects, events, or activities, sharing common characteristics.

Spoken Vocabulary

The set of words and phrases a person can understand and use in oral communication.

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