Question 14 1 Point Adjusted Gross Income includes wages, rents, profits, interest if not received from state and local government bonds, B includes gambling winnings, royalties, dividends, realized capital gains. excludes in-kind income, interest on state and local bonds, unrealized capital gains. All of the above. 1 Point Question 15 The US personal income tax allows taxpayers to take a personal exemption, which means that a small amount of their income is not subject to taxation. A True False