Required:

a$.$ Which of the following statements below best explains how the limilation $($phaseouti$)$ procest werk:? credits, or other lax benefils.

Taxpayers with AGi in excess of certain specified amounts can utilize the full amount of many deductions credits, of ofther tas benefits.

laxpayers with AGI less than ceitain specilied amounts can utilize the full amount of many deductions, eredils or ofther bar benefits.

Prey.

$1$ of $5$

Next