what is the standard deduction used for?\na. the standard deduction is the minimum size a deduction can be…
what is the standard deduction used for?\na. the standard deduction is the minimum size a deduction can be to be counted.\nb. the standard deduction is claimed automatically, before other deductions are calculated.\nc. the standard deduction is the minimum deduction that anyone may claim.\nd. the standard deduction is the maximum allowable deduction.\nplease select the best answer from the choices provided\na\nb\nc\nd
Answer
Brief Explanations:
The standard - deduction is a set amount that taxpayers can claim automatically on their tax returns without having to itemize deductions. It is the minimum deduction that taxpayers can take advantage of without going through the process of itemizing individual deductions.
Answer:
C. The standard deduction is the minimum deduction that anyone may claim.