Question: Problem 9-12 (LO. 2) In choosing between the standard deduction and itemizing deductions from AGI, what effect, if any, does each of the following have?

 Problem 9-12 (LO. 2) In choosing between the standard deduction and

Problem 9-12 (LO. 2) In choosing between the standard deduction and itemizing deductions from AGI, what effect, if any, does each of the following have? a. The age of the taxpayer(s). The age of the taxpayer if the taxpayer is age 65 or older. b. The health (i.e., physical condition) of the taxpayer. If the taxpayer is blind, c. Whether taxpayers rent or own their residence. If the taxpayer is still making house payments, the interest deduction may make d. Taxpayer's filing status (e.g., single, married, filing jointly). Because the amount of the varies depending on filing status, this factor is highly relevant to the decision. e. Whether married taxpayers decide to file separate returns. If married persons file separate returns and one spouse itemizes, the other spouse f. The taxpayer's uninsured personal residence was recently destroyed by a wildfire (the region was declared a disaster area by the Federal government). Because a large casualty loss seems probable, g. The number of dependents supported by the taxpayer. The number of dependents Problem 9-12 (LO. 2) In choosing between the standard deduction and itemizing deductions from AGI, what effect, if any, does each of the following have? a. The age of the taxpayer(s). The age of the taxpayer if the taxpayer is age 65 or older. b. The health (i.e., physical condition) of the taxpayer. If the taxpayer is blind, c. Whether taxpayers rent or own their residence. If the taxpayer is still making house payments, the interest deduction may make d. Taxpayer's filing status (e.g., single, married, filing jointly). Because the amount of the varies depending on filing status, this factor is highly relevant to the decision. e. Whether married taxpayers decide to file separate returns. If married persons file separate returns and one spouse itemizes, the other spouse f. The taxpayer's uninsured personal residence was recently destroyed by a wildfire (the region was declared a disaster area by the Federal government). Because a large casualty loss seems probable, g. The number of dependents supported by the taxpayer. The number of dependents

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