Appearing below are six items $($two each in three categories$).$ Demonstrate your understanding of income tax accounting by defining$$and distinguishing between the two items in $($a$),$ in $($b$),$ and in $($c$)$; and giving an example of each of the six terms:

$($a$)$Above$-$the$-$line deduction vs$.$ below$-$the$-$line deduction.

$($b$)$Tax credit vs$.$ tax deduction.

$($c$)$Ordinary income vs$.$ long$-$term capital gain.