Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: Tazate on Jul 10, 2018
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Individuals with above average amounts of mortgage interest, medical expenses and property taxes are likely to
A)
take both itemized deductions and the standard deduction.
B)
take only the standard deduction.
C)
take only itemized deductions.
D)
take the alternative minimum tax.
Question 2
The standard deduction for married couples filing jointly is
A)
equal to that of single filers.
B)
twice that of single filers.
C)
more than twice that of single filers.
D)
more than single filers, but less than twice that of single filers.
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Answer to Question 1
C
Answer to Question 2
B