What are deductions? Choose the correct answer below. OA The feed amount (33000) found in the table. This can be claimed for the person fringies and each of their dependents B. Any payments or contributions made to individual retirement counts and other tax-deferred savings plans OC. Any terest paid on home mortgages contributions to charity, and toas paid to other agencies (such as state income taxes or local property are made throughout the year. OD. Any to interest or dividends from investments that one gained throughout the year. What are exemptions? Choose the correct below OA. Any intereste dividends from investments that one gained throughout the year O The fred amount (500found in the table. This can be claimed for the person sing taxes and each of their dependents OC. Any art paid on one more contbutions to charity and taxes paid to other agencies (such as state income taxes or local property t)made throughout the year. OD. Any payments or contributions made to individual retirement accounts and other tax-deferred savings plans How would you choose between twing the standard deduction and remindeduction? OA Find the sum of your deductions, the sum is greater an your standard exemption, found in the tite, you should choose an tomized deduction OB. Fed the son of our deduction the sun is creater than your anderd euron found in the table wou should choose the standard deduction How should you choose between taking the standard deduction and itemizing deductions? A. Find the sum of your deductions. If the sum is greater than your standard exemption, found in the table, you should choose an itemized deduction. OB. Find the sum of your deductions. If the sum is greater than your standard exemption, found in the table, you should choose the standard deduction. O c. Find the sum of your deductible expenditures. If the sum is greater than your standard deduction, you should choose standard deduction OD. Find the sum of your deductible expenditures. If the sum is greater than your standard deduction, you should choose itemized deduction