Question: Indicate whether the following statements are True or False regarding the standard deduction allowed to David. All individuals, including those claimed as a dependent on
Indicate whether the following statements are "True" or "False" regarding the standard deduction allowed to David.
All individuals, including those claimed as a dependent on another person's tax return, are allowed the full standard deduction based on their filing status.
TrueFalse
An individual who can be claimed as a dependent on another person's tax return has a limited basic standard deduction equal to the greater of $ or the sum of the individual's earned income for the year plus $but not to exceed the standard deduction
TrueFalse
An individual who can be claimed as a dependent on another person's tax return is not allowed to claim a standard deduction.
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