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5. We talked a lot about the Tax Formula - you know, income less deductions for AGI, etc, etc. Before the Tax Cuts and Jobs
5. We talked a lot about the "Tax Formula" - you know, income less deductions for AGI, etc, etc. Before the Tax Cuts and Jobs Act in 2017-and AFTER that legislation was passed - the formula changed. Explain what the formula was BEFORE the TCJA and what it is AFTER the TCJA. (1 point)
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