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Which of the following statements about deductions is true? Multiple choice question. An itemized deduction always reduces taxable income. An above-the-line deduction always reduces taxable

Which of the following statements about deductions is true? Multiple choice question. An itemized deduction always reduces taxable income. An above-the-line deduction always reduces taxable income. Itemized deductions can be above-the-line or below-the-line.

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