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what are the differences between the following components of taxable income? Provide at least one example of each. o Deductions for AGI and deductions from

what are the differences between the following components of taxable income? Provide at least one example of each.

o Deductions for AGI and deductions from AGI

o Gross income and AGI

o AGI and taxable income

o Tax deduction and tax credit

o Personal exemption and dependency exemption

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