The amount a family can take in deductions is the larger of
A. their exemptions and their itemized deductions.
B. their exemptions and their capital gains.
C. their standard deduction and their itemized deductions.
D. their exemptions and the standard deduction.
Answer: C
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What will be an ideal response?
The U.S. Gini coefficient shows that income inequality
a. increased steadily over the last four decades b. remained fairly constant in the 1970s, and then increased steadily through the 1980s and 1990s c. increased gradually over the period 1947–1968, and then declined steadily through the 1990s d. has changed little over the last four decades e. has declined in relation to other developed economies