Question

Why is the distinction between deductions for AGI and deductions from AGI important for​ individuals? A....

Why is the distinction between deductions for AGI and deductions from AGI important for​ individuals?

A.

Deductions for AGI reduce the​ taxpayer's gross income by the full amount of the deduction even if the standard deduction is used. Deductions from AGI are not beneficial unless their sum exceeds the standard​ deduction, in which case these deductions will be included as itemized deductions.​ Also, some deductions from AGI are decreased by a percentage of AGI.

B.

Deductions for AGI reduce the​ taxpayer's gross income by the full amount of the deduction even if the standard deduction is used. Deductions from AGI are not beneficial unless their sum exceeds​ 25% of the​ AGI, in which case these deductions will be included as itemized deductions.

C.

Deductions for AGI reduce the​ taxpayer's gross income by the full amount of the deduction only when the standard deduction is used. Deductions from AGI reduce the taxpayer AGI.​Also, many deductions from AGI are decreased by a percentage of AGI.

D.

Deductions from AGI reduce the​ taxpayer's gross income by the full amount of the deduction even if the standard deduction is used. Deductions for AGI are not beneficial unless their sum exceeds the standard​ deduction, in which case these deductions will be included as itemized deductions.​ Also, many deductions for AGI are decreased by a percentage of AGI.

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Answer #1

answer:

the important AGI is the individuals:

  • the option D is correct answer.

Derivations for AGI diminish the citizen's gross wage by everything of the conclusion regardless of whether the standard reasoning is utilized. Conclusions from AGI are not advantageous except if their entirety surpasses the standard derivation, in which case these reasonings will be incorporated as separated findings. Additionally, numerous conclusions from AGI are diminished by a level of AGI .

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