Examlex
Identify a true statement about cross-functional teams.
Married Filing Separately
A filing option for married partners that enables them to report their personal income, deductions, and exemptions separately on individual tax returns.
Modified AGI
Adjusted Gross Income with certain deductions and exclusions added back in, used to determine eligibility for certain tax benefits.
Adjusted Gross Income
An individual's total gross income minus specific deductions allowed by the IRS, used to determine tax liability.
Deduction
An expense that can be subtracted from gross income to reduce the taxable income.
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