Answers FL-2102373-Personal Finance and Money Management Honors Tax ReturnsQuestion 3

3

QuizMultiple Choice

Tax Returns

Question 3 • FL-2102373-Personal Finance and Money Management Honors

What is the standard deduction used for?

Answer

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The standard deduction is the minimum size a deduction can be to be counted.

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The standard deduction is claimed automatically, before other deductions are calculated.

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The standard deduction is the minimum deduction that anyone may claim.

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The standard deduction is the maximum allowable deduction.

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