Please select the best answer for each of the following questions. Unless otherwise stated, the questions relate to the current tax year.

Question 8 3.34 pts Above the line deductions (for AGI): include charitable deductions are deductible only if they exceed the taxpayer's standard deduction generally are deductible only if they exceed the taxpayer's itemized deductions generally phase-out for low income taxpayers decrease tax liability by the taxpayer's marginal tax rate