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Which of the Following Formulas Correctly Represents Taxable Income Under

Question 168

Multiple Choice

Which of the following formulas correctly represents taxable income under the U.S. tax system?


A) Total wages + interest
B) Total personal income- exemptions -deductions
C) Total personal income + exemptions -deductions
D) Total personal income + dividends -deductions
E) Total wages -exemptions - deductions

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