Question: or false in the space provided after the question. 1. Taxpayers are allowed to take the larger of their itemized deductions or the standard deduction.

or false in the space provided after the question. 1. Taxpayers are allowed to take the larger of their itemized deductions or the standard deduction. 2. In determining who furnishes more than 50 percent of the total support of a child who is a full-time student, scholarships received by the child must be considered as part of his or her sumport 3. A person who is widowed on February 1 may qualify to file a joint return for the 4. If husband or wife file separate returns, both must either itemize or choose the standard deduction. 5. Status as surviving spouse may be claimed indefinitely, once a widow or widower meets the specific requirements. 6. Employer-provided medical coverage is excluded from an employee's gross income. 7. Compensation for damages to a person's character or for personal injury or illness is taxable. 8. A scholarship received by a student that represents compensation for past, present, or future services is includible in gross income. 9. An amount called a security deposit which is used as a final payment of rent should not be included in rental income in the year received, but should be included in income in the year the lease exnires 10. An exclusion from gross income must be specifically enumerated in the Code. or false in the space provided after the question. 1. Taxpayers are allowed to take the larger of their itemized deductions or the standard deduction. 2. In determining who furnishes more than 50 percent of the total support of a child who is a full-time student, scholarships received by the child must be considered as part of his or her sumport 3. A person who is widowed on February 1 may qualify to file a joint return for the 4. If husband or wife file separate returns, both must either itemize or choose the standard deduction. 5. Status as surviving spouse may be claimed indefinitely, once a widow or widower meets the specific requirements. 6. Employer-provided medical coverage is excluded from an employee's gross income. 7. Compensation for damages to a person's character or for personal injury or illness is taxable. 8. A scholarship received by a student that represents compensation for past, present, or future services is includible in gross income. 9. An amount called a security deposit which is used as a final payment of rent should not be included in rental income in the year received, but should be included in income in the year the lease exnires 10. An exclusion from gross income must be specifically enumerated in the Code
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
