The Following Represent Elements of the Tax Formula for Individual

Multiple Choice

The following represent elements of the tax formula for individual taxpayers:
A.Income from any source
B.Personal and dependency exemptions
C.Itemized deductions
D.Deductions for A.G.I.
E.Exclusions from gross income
F.Standard deduction amount
Which of the above are subtracted from A.G.I, in the computation of taxable income?

A) B, D, and F
B) B, C, and F
C) B and C or B and F
D) C and F or B and C