Which of the Following Is NOT a from AGI Deduction

question 90

Multiple Choice

Which of the following is NOT a from AGI deduction?

• A) Standard deduction.
• B) Personal exemption.
• C) Itemized deduction.
• D) None of these. All of these are from AGI deductions.

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Definitions:

IFRS

The International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally used for preparing financial statements.

Convertible Notes

A type of short-term debt that converts into equity, usually in conjunction with a future financing round; often used by startups.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Convertible Debt

Debt instruments that can be converted into a predetermined number of shares of the issuing company's stock.