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Author Question: Individuals with above average amounts of mortgage interest, medical expenses and property taxes are ... (Read 171 times)

Tazate

  • Hero Member
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  • Posts: 532
on: Jul 10, 2018
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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Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

B


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jul 10, 2018
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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