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2. List two ADJUSTMENTS for lowering a taxpayer's AGI. 3. What is the difference between AGI and Taxable income? 4. Why is reducing AGI considered

2. List two ADJUSTMENTS for lowering a taxpayer's AGI. 3. What is the difference between AGI and Taxable income? 4. Why is reducing AGI considered important? Please do not say "to reduce your taxes." (LO 1,2) 5. List two advantages of a Roth IRA. (LO 1,5) 6. Explain the advantage of earning interest from a municipal bond. (LO 1)

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