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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
- You will have to list and be able to prove [standard | itemized] deductions if audited.
- 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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