Question

Question 1 1 pts Which of the following is the 2013 standard deduction for head of...

Question 1 1 pts
Which of the following is the 2013 standard deduction for head of household?
Group of answer choices

$15,000

$12,200

$8,950

$6,100
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Question 2 1 pts
Which of the following is the 2013 standard deduction for married taxpayers filing jointly?
Group of answer choices

$15,000

$12,200

$8,950

$6,100
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Question 3 1 pts
Which of the following is a deduction for adjusted gross income, or AGI?
Group of answer choices

medical expenses

individual retirement account (IRA) contributions

charitable contributions

mortgage insurance
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Question 4 1 pts
What is the additional deduction for married taxpayers filing separately who are blind?
Group of answer choices

$15,000

$12,200

$1,500

$1,200
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Question 5 1 pts
What is the additional deduction for married taxpayers who are blind filing jointly?
Group of answer choices

$15,000

$12,200

$1,500

$1,200
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Question 6 1 pts
What is multiplied by the tax rate(s) to get tax liability?
Group of answer choices

taxable income

gross income

deductions

adjusted gross income (AGI)
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Question 7 1 pts
Which of the following elements in the tax formula represents “dfroms”? Select all that apply.
Group of answer choices

gross income

itemized deductions

adjusted gross income (AGI)

standard deductions
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Question 8 1 pts
Which of the following is a deduction for adjusted gross income, or AGI?
Group of answer choices

medical expenses

student-loan interest

charitable contributions

mortgage insurance
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Question 9 1 pts
Which element of the tax formula is used as a basis for limiting deductions?
Group of answer choices

gross income

deductions

adjusted gross income (AGI)

itemized deductions
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Question 10 1 pts
Which of the following is a deduction for adjusted gross income, or AGI?
Group of answer choices

medical expenses

moving expenses

charitable contributions

mortgage insurance

Homework Answers

Answer #1

Answer 1         $ 8,950

Answer 2        $ 12,200

Answer 3          Individual retirement account (IRA) contributions

Explanation: Contributions to a traditional IRA, which is the most common choice, are deductible in the tax year during which they are paid.

              

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