An IRS-Allowed Reduction in Your Income for Yourself,your Spouse,and Any

question 57

Multiple Choice

An IRS-allowed reduction in your income for yourself,your spouse,and any dependents that is subtracted before you compute your taxes is called a(n)

• A)itemized exemptions.
• B)standard exemptions.
• C)marital exemptions.
• D)personal exemptions.

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Definitions:

Skid Mark

A mark that a tire leaves on the road when it is in a locked mode, that is, when the tire is not turning, but the car is continuing to move.

Miles Per Hour

A unit of speed expressing the number of miles traveled in one hour, commonly used to measure the speed of vehicles in the United States and the United Kingdom.

Feet And Inches

Units of measurement used primarily in the United States for length, where 1 foot equals 12 inches.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal amount each year.