Final answer:
The statement that both additional standard deductions for age and blindness are taken into account when determining the filing requirement based on gross income is True. These additional deductions can lower the taxable income and may affect the necessity to file a tax return.
Step-by-step explanation:
In response to the question about whether the filing requirement based on gross income received takes into account both additional standard deductions (for age and blindness), the statement is True. When determining the filing requirement, tax regulations do consider these additional standard deductions. Taxpayers who are aged or blind are eligible for a higher standard deduction on top of the regular standard deduction. This can affect whether they need to file a tax return since the increased deduction might reduce their taxable income below the filing threshold.
The calculation for taxable income is typically adjusted gross income minus any deductions and exemptions:
taxable income = adjusted gross income - (deductions + exemptions). For those who qualify for the additional standard deductions, these amounts will indeed be subtracted from their adjusted gross income to determine their taxable income, and therefore, their filing requirements.