Which of the following is not true of A.G.I.?
A)A.G.I, is not computed for corporations.
B)The deduction for personal and dependency exemptions affects the taxpayer's A.G.I.
C)A.G.I, is sometimes referred to as "the line.'
D)The amount of certain deductions varies with A.G.I.

Question

Quizplus · Accepted Answer

The deduction for personal and dependency exemptions does not affect the taxpayer's Adjusted Gross Income (A.G.I.). These exemptions are considered when calculating taxable income, not A.G.I. A.G.I. is calculated before itemized or standard deductions and personal or dependency exemptions are subtracted.

Which of the Following Is Not True of A