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Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Income (broadly conceived) Equals: Adjusted gross income Less: Exclusions Equals:

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Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Income (broadly conceived) Equals: Adjusted gross income Less: Exclusions Equals: Less: Equals: Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Equals: Less: Gross income Equals: Deductions for AGI Less: Exclusions Equals: Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Equals: Less: Equals: Less: Adjusted gross income Equals: Gross income Taxable income Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Equals: Less: Equals: Less: The greater of the standard deduction or itemized deductions Gross income Income (broadly conceived) Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Equals: Less: Equals: Less: Equals: Adjusted gross income Gross income Taxable income Tax Drill - Tax Formula Complete the tax formula below. Tax Formula for Individuals Less: Equals: Less: Deductions for AGI Greater of the standard deduction or itemized deductions Exclusions

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