fill in the blank so that the resulting statement is true. taxpayers have the choice of a/an ______…

fill in the blank so that the resulting statement is true. taxpayers have the choice of a/an ______ deduction, which is a fixed amount, or a/an ______ deduction, which involves listing deductible expenses. taxpayers have the choice of a/an deduction, which is a fixed amount, or a/an deduction, which involves listing deductible expenses. itemized standard

fill in the blank so that the resulting statement is true. taxpayers have the choice of a/an ______ deduction, which is a fixed amount, or a/an ______ deduction, which involves listing deductible expenses. taxpayers have the choice of a/an deduction, which is a fixed amount, or a/an deduction, which involves listing deductible expenses. itemized standard

Answer

Brief Explanations:

In tax - related matters, a standard deduction is a fixed amount that taxpayers can claim. An itemized deduction requires taxpayers to list out individual deductible expenses.

Answer:

standard, itemized