For each statement, indicate if it is either TRUE or FALSE and for multiple choice questions, choose the best answer for each question. All questions are required. 1. Under the Federal income tax formula for individuals, a choice must be made between claiming deductions Under the Federal income tax formula for individuals, the determination of adjusted gross income (AGI) precedes that of taxable income (TI). 2. 3. Under the income tax formula, a taxpayer must choose between deductions for AGl and the standard deduction. 4. The filing status of a taxpayer (e.g, single, head of household) must be identified before the applicable standard deduction is determined. 5. Claude's d eductions from AGI exceed the standard deduction allowed for the current year. Under these circumstances, Claude cannot claim the standard deduction. Dan and Donna are husband and wife and file separate returns for the year. If Dan itemizes his deductions from AGI, Donna cannot claim the standard deduction