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You will have to list and be able to prove [ standard | itemized ] deductions if audited. If you do not wish to itemize

  1. You will have to list and be able to prove [standard | itemized] deductions if audited.
  2. If you do not wish to itemize deductions, you can use the

a. withholding allowance.

b. pay-as-you-go amount.

c. bracket deduction.

d. standard deduction.

e. exemption

3 . A tax credit could result from [owning a home | adopting a child].

4 . The Federal personal income tax is a progressive tax.

a. True b. False

5 Gifts received from family and friends are included in gross income.

a. True b. False

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