Itemized Deductions and the Standard Deduction Are Deductions from AGI

question 2

True/False

Itemized deductions and the standard deduction are deductions from AGI but deductions for personal and dependency exemptions are deductions for AGI.

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Definitions:

Circum-

A prefix indicating 'around' or 'about', used in medical and general terms.

Tachy-

A prefix used in medical terms to denote rapid or accelerated, often referring to the rate of a heartbeat.

Megalo-

A prefix used in medical terms to denote something that is abnormally large or elongated.

Pan-

A prefix meaning "all" or "every," indicating inclusiveness or a broad scope, as in "pan-African" or "panacea."