Income (broadly defined)... Less: Exclusions..... $XX,XXX (x,xxx) Gross income...... $XX,XXX Less: Deductions for adjusted gross income.. (x,xxx) Adjusted gross income..... $xx,xxx Less: The greater of Total itemized deductions or standard deduction......... Less: Personal and dependency exemptions".. Deduction for qualified business income** Taxable income...... Tax on taxable income.. Less: Tax credits (including Federal income tax withheld and prepaid)..... Tax due (or refund)...... (x,xxx) (x,xxx) (x,xxx) $XX,XXX $ X,XXX (xxx) $ XXX