The following statements about "adjusted ordinary gross income" (AOGI) are all true, except:

a. if AOGI is less than twice adjusted rent, the rent is not PHCI

b. AOGI is the base in the 60 percent personal holding company income test

c. AOGI is arrived at after excluding short and long-term gains, Section 1231 gains, and deducting rent and royalty expenses, interest on tax refunds, judgment and condemnation awards, etc.

d. Salaries are not deducted to get from Ordinary Gross Income (OGI) to AOGI