Question
1. a. gross income b. total tax liability owned c. adjusted gross income 2 a. total personal exemptions b. adjustments to income c. adjusted gross
1. a. gross income
b. total tax liability owned
c. adjusted gross income
2 a. total personal exemptions
b. adjustments to income
c. adjusted gross income (AGI)
3 a. Itemized deductions
b. adjusted gross incomte
c. total tax liability owned
4 a. taxable income
b. total tax liability owned
c. total personal exemptions
5 a. taxable income
b. adjusted gross income
c. other taxes
6 a. other taxes
b. total personal exemptios
c. tax credits
7 a. total tax liability owed
b. tax credits
c.other taxes
8 a. taxable income
b. total tax liability owed
c. adjustments to gross income
Step A: Determine Adjusted Gross Income Equals Step B: Calculate Taxable Income I Less Larger of itemized deductions or standard deduction I Less Equals Step C: Calculate Tax Liability Calculate tax using tax tables or tax rate schedules | Less I Plus EqualsStep by Step Solution
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