A) Taxpayers are not entitled to any deductions unless specific provisions in the tax code allow the deductions.
B) Deductions can be labeled as deductions above the line or deductions below the line.
C) From AGI deductions tend to be associated with business activities while for AGI deductions tend to be associated with personal activities.
D) The standard deduction is a from AGI deduction.
F) All of the above
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B) False
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A) A taxpayer may be allowed to claim another as a dependent even if the taxpayer has no family relationship with the other person.
B) To qualify as a dependent of another, an individual must be a resident of the United States.
C) An individual who qualifies as a dependent of another taxpayer may not claim any dependents.
D) An individual cannot qualify as a dependent of another as a qualifying relative taxpayer if the individual's gross income exceeds a certain amount.
F) B) and C)
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A) Single > Head of Household > Married Filing Jointly
B) Married Filing Jointly > Married Filing Separately > Head of Household
C) Married Filing Jointly > Head of Household > Single
D) Head of Household > Married Filing Separately > Married Filing Jointly
F) C) and D)
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A) the applicable standard deduction amount
B) a fixed amount specified for the particular tax year
C) one-half of the individual's support
D) None of the choices are correct.
F) C) and D)
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