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If you were terminally ill, would you consider entering a hospice? Explain your answer referring to specific reasons such as cost, family burden, and imminent death.
AGI Limitation
A constraint or cap based on an individual's adjusted gross income (AGI) which affects eligibility for certain tax deductions, credits, or contributions.
Foreign Tax Credit
A credit that allows U.S. taxpayers to offset income tax paid to foreign governments against their U.S. tax liability on the same income.
Taxable Income
Income on which tax must be paid; total income minus deductions and exemptions.
Foreign Income Taxes
Taxes levied by a foreign government on income earned within its jurisdiction, which may be creditable or deductible on domestic tax returns.
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