Silvia is a single individual who has income of $80,000.Todd is a single individual who has income of $35,000.Neither of them itemizes their deductions.Both taxpayers will take a standard deduction of $6,300 in 2016.The concept that allows both Silvia and Todd to take this deduction is
A) Capital Recovery.
B) Administrative Convenience.
C) Entity.
D) Wherewithal to Pay.
E) Pay-as-You Go.
Correct Answer:
Verified
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