The Basic Standard Deduction in 2015 for a Single Taxpayer

question 65

Multiple Choice

The basic standard deduction in 2015 for a single taxpayer, under 65 and not blind, is:

• A) $6,200.
• B) $3,950.
• C) $9,250.
• D)$6,300.

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Definitions:

Leveraged Buyout

A strategy where a company is purchased with a significant amount of borrowed money (leverage) to meet the cost of acquisition.

Equity

The value of an owner's interest in a property or a company, after all debts and other liabilities have been deducted.

Target Managements

Target managements involve the strategic planning and execution by a company's leadership to meet specific financial or operational goals.

Acquirer

A company or individual that purchases another company or its significant assets.