Question: Term Answer Description Adjustments _ A. These are charitable contributions. Adjusted gross income _ E. This gure is based on tax bracket, 5% to 15%

Term Answer Description Adjustments _" A. These are charitable contributions. Adjusted gross income _" E. This gure is based on tax bracket, 5% to 15% tax rate if held over 12 months. Deductions _" C. ll-I'Ian-,-r of these are based on a percentage ofAGI. Standard deduction _" D. 111is is a claim made by the taxpayer for each person supported by the taxpayer's income. Itemized deduction _" E. This term equals gross income less adjustments. Exemption _" F. Reduce AGI by the standard deducon and allowable exemptions. Itemized deduction llample _" G. This can be either standard or itemized. Capital gains tax EIIJegories _" H. Taken against gross income. they.r result in AGI. Stepsto AG] _" I. This is adjusted annuallyr for changes in cost of living. Steps-to taxable income _" J. This is used to calculate limits for oerlain itemized deductions

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