the 2017 tax cuts and jobs act\na decreases the standard deduction and increases the amount for personal…

the 2017 tax cuts and jobs act\na decreases the standard deduction and increases the amount for personal exemptions.\nb makes no change in the number of tax brackets and increases the tax percentage rate in each bracket.\nc increases the amount of the standard deduction for each filing status.\nd increases the number of tax brackets and the tax percentage rate in each bracket.\nquestion 10 (1 point)\nthe standard deduction amount 2018 after the 2017 tax cuts and jobs act is\na more than the standard deduction for 2017.\nb less than the standard deduction for 2017\nc the same as for the past seven years.\nd designed to increase individual income tax liability.

the 2017 tax cuts and jobs act\na decreases the standard deduction and increases the amount for personal exemptions.\nb makes no change in the number of tax brackets and increases the tax percentage rate in each bracket.\nc increases the amount of the standard deduction for each filing status.\nd increases the number of tax brackets and the tax percentage rate in each bracket.\nquestion 10 (1 point)\nthe standard deduction amount 2018 after the 2017 tax cuts and jobs act is\na more than the standard deduction for 2017.\nb less than the standard deduction for 2017\nc the same as for the past seven years.\nd designed to increase individual income tax liability.

Answer

Brief Explanations:

The 2017 Tax Cuts and Jobs Act increased the standard deduction for each filing status. For example, for single filers, the standard deduction was increased from $6,350 in 2017 to $12,000 in 2018. This was a key provision of the act to simplify the tax code and potentially reduce the tax burden for many taxpayers.

Answer:

For the first question: C. Increases the amount of the standard deduction for each filing status. For the second question: A. more than the standard deduction for 2017.