The following statements about adjusted ordinary gross income ( AOGI ) are all true, except: a .
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Question:
The following statements about "adjusted ordinary gross income" AOGI are all true, except:
aIf AOGI is less than twice adjusted rent, the rent is not PHCI.
bAOGI is the base in the percent personal holding company income test.
cAOGI is arrived at after excluding short and longterm gains, Section gains, and deducting rent and royalty expenses, interest on tax refunds, judgment and condemnation awards, etc. dSalaries are not deducted to get from Ordinary Gross Income OGI to AOGI.
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