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    Principles of Taxation
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    Exam 14: The Individual Tax Formula
  5. Question
    An Above-The-Line Deduction Reduces Both Adjusted Gross Income and Taxable
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An Above-The-Line Deduction Reduces Both Adjusted Gross Income and Taxable

Question 37

Question 37

True/False

An above-the-line deduction reduces both adjusted gross income and taxable income.

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