10
QuizMultiple Choice

Tax Returns

Question 10 • Financial Math A

Chris is calculating his deductions for his tax return. He is filing singly. He can claim $1,813 from property taxes, $1,513 from medical expenses, and $761 from state income tax. The standard deduction for a single filer is $5,700. How does the standard deduction compare to Chris’s deductions? a. Chris’s deductions are $1,437 more than the standard deduction. b. Chris’s deductions are $2,087 less than the standard deduction. c. The standard deduction is $1,613 more than Chris’s deductions. d. The standard deduction is $664 less than Chris’s deductions. Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D