Buddy and Hazel Are Ages 72 and 71 and File

question 175

True/False

Buddy and Hazel are ages 72 and 71 and file a joint return.If they have itemized deductions of $14,600 for 2016,they should not claim the standard deduction.

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Definitions:

Taxes Paid

The total amount of taxes remitted to the government by an individual or organization, including income, sales, and property taxes.

Cash Flow to Stockholders

The amount of cash a company pays out to its shareholders, including dividends and net share buybacks.

Dividends Per Share

The amount of dividends paid out to shareholders per share of the company’s stock.

Financial Leverage

The use of borrowed funds in an attempt to increase the return on equity, involving higher risk but potentially higher returns as well.