1.Which of the following statements concerning the exemption phaseout istrue?

a.The phaseout applies only to taxpayers with a 39.6% marginal income tax rate.

b.The phaseout can reduce a taxpayer's exemption amount to zero.

c.The phaseout doesn't apply to taxpayers who use the standard deduction instead of electing to itemize deductions.

d.Statements A., B., and C. are false.