Deductions for AGI Are Often Referred to as "Above-The-Line" or "Page

question 55

Essay

Deductions for AGI are often referred to as "above-the-line" or "page 1" deductions. Explain.

---

Definitions:

Degree of Operating Leverage

A measure of how sensitive a company's operating income is to a change in sales, indicating the proportion of fixed costs in the business's cost structure.