Question: Tax Drill - Rules for Standard Deduction Indicate whether the following statements are True or False regarding the standard deduction. a . The standard deduction

Tax Drill - Rules for Standard Deduction
Indicate whether the following statements are "True" or "False" regarding the standard deduction.
a. The standard deduction is the sum of two components: the basic standard deduction and the additional standard deduction.
b. Certain taxpayers are not allowed to claim any standard deduction, and the standard deduction is limited for others.
c. Taxpayers are allowed to deduct the lesser of itemized deductions or the standard deduction. The choice is elective.
d. Special rules apply to the standard deduction of an individual who can be claimed as a dependent on another person's tax return.

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