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Discuss the development and usage of African-American Vernacular English. Be sure to mention the differences between AAVE and American English, and provide an explanation of call-and-response patterns.
Taxable Income (TI)
This term refers to the gross income of an individual or corporation, less any allowable tax deductions or exemptions, which is subject to taxation by governmental authorities.
Adjusted Gross Income (AGI)
A measure of income calculated from your gross income and used to determine how much of your income is taxable after certain deductions are applied.
Personal and Dependency Exemptions
Tax deductions previously allowed for the taxpayer, their spouse, and eligible dependents, though suspended for federal taxes from 2018 through 2025.
Standard Deduction
A fixed dollar amount that reduces the income on which you are taxed, available to all taxpayers who do not choose to itemize their deductions.
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