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If a Taxpayer Deducts the Standard Deduction in Calculating Regular

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Essay

If a taxpayer deducts the standard deduction in calculating regular taxable income, what effect does this have in calculating AMTI?


Definitions:

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and resources of a country.

Under-count

An instance when the actual number of individuals or items is higher than what is officially recorded or reported, often seen in population censuses or surveys.

Cohabiting

Living together and having a sexual relationship without being married.

Acculturation

The method through which people adopt the cultural characteristics or social behaviors of a different group.

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