Which of the following statements regarding deductible expenses is incorrect?

Above-the-line deductions are sometimes referred to as adjustments.

Above-the-line deductions are usually considered to be more favorable to the taxpayer than below-the-line deductions.

Below-the-line deductions are usually considered to be more favorable to the taxpayer than above-the-line deductions.

Taxpayers may take the greater of their itemized deductions or the standard deduction.