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Generally, modified adjusted gross income (MAGI) is adjusted gross income (without Social Security benefits) a. Less tax-exempt interest b. Less personal and dependency exemptions c.

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Generally, modified adjusted gross income (MAGI) is adjusted gross income (without Social Security benefits) a. Less tax-exempt interest b. Less personal and dependency exemptions c. Less itemized deductions d. Less tax-exempt interest plus any foreign income exclusion e. Plus tax-exempt interest income

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