After reading the chapter, review the following topics below, choose one (1) and contribute to either:

#1	Calculations for Taxable Income You often hear the term "for AGI and from AGI" or "above the line and below the line." Discuss what the benefits are for both types of deductions. Which is better?
#2	Deductions and Exmptions Discuss the difference between deductions and exemptions use in the tax formula.

In order to earn full points for this assignment, you must:

Begin your post with the topic name

Directly and completly answer the question.

Include examples, illustrations and/or applications in your answer. If you copy information from the Internet, you must cite your source.

Respond to one of your classmate's post on one of the OTHER topics.

Explain the reason for your agreement or disagreement or why you think the post is important, and/or providing examples of the point(s) made. Just replying "I agree with you" does not constitute a valid reply.

Reminder: Please make sure to comply with all Netiquette Guidelines listed in the Getting Started module.