Asked by Ryan Makhanlall on Jul 16, 2024
Verified
The basic standard deduction in 2017 for a Head of Household taxpayer who is 41 years old and not blind is:
A) $6,350.
B) $7,900.
C) $12,700.
D) $9,350.
Basic Standard Deduction
The preset amount subtracted from income that is not subject to federal income tax, differing by filing status and not requiring itemization.
Head of Household
A tax filing status for individuals who are unmarried and provide more than half of the financial support for their household.
Taxpayer
An individual or entity that is obligated to make payments to municipal, state, or national authorities, usually in the form of taxes.
- Calculate the standard deduction quantifications for varied taxpayer circumstances.
Verified Answer
Learning Objectives
- Calculate the standard deduction quantifications for varied taxpayer circumstances.
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