Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- The highest standard deduction amount is associated with the married filing jointly and qualifying surviving spouse filing statuses.
- The lowest standard deduction amount is associated with the single and married filing separately filing statuses.
- The higher the standard deduction amount, the lower the taxable income.
- A taxpayer who can be claimed as a dependent on another taxpayer's return must claim the standard deduction for his or her filing status.