Which factors affect your choice between claiming itemized deductions and the standard deduction?
A) Home ownership, as mortgage interest may exceed the standard deduction
B) More deductible expenses this year than last year, as a result of unforeseen circumstances or planned "bunching" of deductions
C) Ease and simplicity of filing
D) Year long recordkeeping to thoroughly and accurately document itemized deductions
E) All of the above
Answer: E
You might also like to view...
Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash?
A) purchase of noncurrent assets B) purchase of treasury stock C) discarding an asset that had been fully depreciated D) payment of cash dividends
Differences in education level, experience, and culture or distractions such as noise, uncomfortable room temperature, and interruptions are examples of
a. feedback. b. interference. c. interception. d. decoding.
______________ is a proactive influence tactic that uses logical arguments and factual evidence.
a. Rational persuasion b. Inspirational appeal c. Consultation d. Collaboration
When a company successfully applies the just-in-time system, it minimizes its inventory storage costs.
Answer the following statement true (T) or false (F)