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Mkey [24]
4 years ago
11

Taxpayers have a choice of deducting the standard deduction or their itemized deductions. Therefore, ________ AGI deductions are

considered to be beneficial to more taxpayers because:________
a. For; these deductions increase the amount of the standard deduction
b. From; they result in a lower AGI which reduces the limitations based on AGI that decrease some tax benefits
c. For; they are available to all eligible taxpayers, not just those that itemize deductions
d. From; these deductions reduce a taxpayer's tax liability dollar for dollar
Business
1 answer:
Luba_88 [7]4 years ago
4 0

Answer:

C) For; they are available to all eligible taxpayers, not just those that itemize deductions

Explanation:

Any individual's adjusted gross income is equal to the individual's total gross income minus certain specific deductions, e.g. health savings account, contributions to retirement accounts, student loan interest, etc.

An individual's taxes are calculated using the adjusted gross income as basis, not simply the gross income.  

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GDP is higher than normal

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This is a situation where GDP is higher than the usual and it shows that the economy is above the employment level and overly active. The extra gross domestic product leads to an increase in demand for goods and services and that leads to high inflation. The initial sighs include, increase in employment rate, more wages, high demand.

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3 years ago
Most social assistance workers are employed by what type of organization? local government state government federal government p
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D. Private business

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3 0
3 years ago
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A firm reported salary expense of $236,000 for the current year. The beginning and ending balances in salaries payable were $39,
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Answer:

The correct answer is C. $264,000

Explanation:

Beginning balance, Salaries payable

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8 0
3 years ago
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irina [24]

Answer:

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