Which Factors Affect Your Choice Between Claiming Itemized Deductions and the Standard

question 40

Multiple Choice

Which factors affect your choice between claiming itemized deductions and the standard deduction?

• A)Home ownership,as mortgage interest may exceed the standard deduction
• B)More deductible expenses this year than last year,as a result of unforeseen circumstances or planned "bunching" of deductions
• C)Ease and simplicity of filing
• D)Year long recordkeeping to thoroughly and accurately document itemized deductions
• E)All of the above

---

Definitions:

Fallacy of Relevance

The premise is logically irrelevant, or unrelated, to the conclusion.

Straw Man Fallacy

An opponent’s argument is distorted or misrepresented in order to make it easier to refute.

Equivocation

A key term in an argument changes meaning during the course of the argument.

Snob Appeal

An advertising strategy that attempts to make the audience feel that a product or service will elevate their status or prestige.