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What is on the vertical axis of a demand graph?
Standard Deduction
A fixed dollar amount that reduces the income on which you're taxed, varying by filing status, and claimed by those not itemizing deductions.
AMT Adjustments
Modifications required under the Alternative Minimum Tax rules to calculate certain items of income and deductions differently than for regular tax purposes.
Tax Preferences
Certain types of income or deductions that receive preferential tax treatment, affecting the calculation of alternative minimum tax (AMT).
Passive Activities
Economic engagements, such as rental activities or businesses in which the taxpayer does not actively participate, often with specific tax rules.
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