Multiple Choice
Which of the following is a true statement?
A) The standard deduction is increased for taxpayers who are blind or deaf at year-end.
B) A married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65.
C) Bunching itemized deductions is an illegal method of tax avoidance.
D) Before any applicable phase-out, the deduction for personal and dependency exemptions is $4,050 times the number of exemptions.
E) All of the above are truE.For 2016, each exemption is worth $4,050.
Correct Answer:
Verified
Correct Answer:
Verified
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