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Daniel, age 38 , is single and has the following income and expenses in 2022: Daniel's standard deduction for 2022 is $12,950. a. Classify the
Daniel, age 38 , is single and has the following income and expenses in 2022: Daniel's standard deduction for 2022 is $12,950. a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible". What is Daniel's gross income and his AGI ? Gross income: \$ X AGI: $ What is Daniel's gross income and his AGI? Gross income: \$ X AGI: \$ Feedback Check My Work To understand how deductions of individual taxpayers are classified, it is necessary to examine the role of classify various deductions as deductions for AGI. It does not provide the statutory authority for taking the b. Should Daniel itemize his deductions from AGI or take the standard deduction? Because Daniel's total itemized deductions (after any limitations) are , he would benefit from
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