Which of the following statements is TRUE regarding the individual income tax formula? A$)$ a taxpayer may deduct the greater of his standard deduction or his itemized deductions for AGI to arrive at adjusted gross income; b$)$ a taxpayer may deduct the greater of his standard deduction or his itemized deudctions from AGI to arrive at taxable income; c$)$ a taxpayer may deduct the greater of his standard deduction or his total adjustments $($above the line$)$ for AGI; d$)$ a taxpayer may deduct the greater of his standard deduction or his total deductions $($below the line$)$ from AGI