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QuizMultiple Choice

Tax Returns — Quiz

Question 1 • Personal Finance

What is the standard deduction used for?

Answer
A
The standard deduction is claimed automatically, before other deductions are calculated.
B
The standard deduction is the maximum allowable deduction.
C
The standard deduction is the minimum size a deduction can be to be counted.
D
The standard deduction is the minimum deduction that anyone may claim.
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