Examlex

Solved

Which of the Following Statements Is False

question 12

Multiple Choice

Which of the following statements is false?


Definitions:

AGI Limitations

Thresholds based on Adjusted Gross Income that limit eligibility for certain tax deductions and credits.

AGI

Adjusted Gross Income; an individual's total gross income minus specific deductions, used to determine taxable income on a federal tax return.

Single

A filing status for unmarried taxpayers who do not qualify for any other filing status on their tax return.

American Opportunity Tax Credit

A refund for allowable educational fees paid for a qualifying scholar during their first four years of advanced education.

Related Questions