Practice Quiz

CPA Accountant Review Questions

Category - Tax Preparation

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A taxpayer should itemize deductions if the taxpayer’s total itemized deductions are...
  1. less than the taxpayer’s interest income
  2. more than the taxpayer’s standard deduction
  3. equal to the taxpayer’s self employment tax
  4. double the taxpayer’s unemployment compensation
Explanation
Answer: B - More than the taxpayer’s standard deduction
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