help please

1. Explain the difference between a tax credit and tax deduction. (LO 4) 2. List two ADJUSTMENTS for lowering a taxpayer's AGI. (LO 1) 3. (LO 1,5) 3. What is the difference between AGI and Taxable income? 4. Why is reducing AGI considered important? Please do not say "to reduce your taxes." (LO 1.2) 5. List two advantages of a Roth IRA. (LO 1.5) 6. Explain the advantage of earning interest from a municipal bond. (LO 1) 7. If a taxpayer is in the 12% tax bracket, how much tax will he or she pay on $1,200 in CD interest? (LO 2) 8. Explain the difference between tax free and tax deferred investment vehicles. (LO 1.5) 9. Name the tax credit that is available to most undergraduate college students. (LO 4) 10. List three common itemized deductions. (LO 3) 11. List two investment vehicles that will lead to RMD when one turns age 72. (LO 1. 5) 12. In order to avoid the 10% penalty (given that one does not qualify for an exception) at what age can someone can withdraw money from a traditional IRA or 401(k). (LO 1.5)