In 2016,the Additional Standard Deduction for a Single Taxpayer,who Is

question 80

True/False

In 2016,the additional standard deduction for a single taxpayer,who is 65 or older and not blind,is $1,200.

---

Definitions:

Fixed Component

A portion of a cost that remains constant regardless of the level of production or sales volume, such as rent, salaries, and insurance.

Mixed Cost

A cost composed of a fixed and variable component, changing with the level of activity but also containing a constant element.

Escrows Completed

Typically, the term "escrow" refers to a financial arrangement where a third party holds and regulates the payment of funds required for two parties involved in a given transaction. "Escrows Completed" could refer to transactions that have successfully met their conditions and been finalized, although this is not a standard accounting or financial term.

Variable Cost

Costs that vary directly with the level of production or output.