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Itemized Deductions and the Standard Deduction Are Deductions from AGI

question 44

True/False

Itemized deductions and the standard deduction are deductions from AGI but the deduction for qualified business income is a deduction for AGI.


Definitions:

Dicumarol (Bishydroxycoumarin)

An anticoagulant medication used to prevent blood clots; it was one of the first discovered.

Reserpine (Serpasil)

A medication used to treat high blood pressure and severe agitation in certain mental disorders by depleting certain neurotransmitters.

Cimetidine (Tagamet)

A medication primarily used to treat gastrointestinal problems such as ulcers and acid reflux by reducing stomach acid production.

Renal Function

The efficiency and working condition of the kidneys, involving the filtration and removal of waste products from the blood.

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