Taxable income for an individual is defined as
A)AGI reduced by itemized deductions.
B)AGI reduced by personal and dependency exemptions.
C)total income reduced by the standard deduction.
D)AGI reduced by deductions from AGI and personal and dependency exemptions.

Question

Quizplus · Accepted Answer

D)Taxable income is AGI reduced by either the standard deduction or itemized deductions and reduced by personal and dependency exemptions.

Taxable Income for an Individual Is Defined as