Title

Match the terms relating to the basic terminology and concepts of personal...

Description

Match the terms relating to the basic terminology and concepts of personal taxation on the right with the descriptions of the terms on

the left. $($Note: These are not necessarily complete definitions, but there is only one possible answer for each term.$)$

Description

This can be either standard or itemized.

This is used to calculate limits for certain itemized deductions.

This is taxed as ordinary income if held less than $12$ months.

Deductions such as employee, personal retirement, higher education, and support expenses are included in this category.

This is a claim made by the taxpayer for each person supported by the taxpayer's income.

Term Option: Adjusted gross income$/$ Adjustments$/$ Capital gains tax categories$/$ Deductions$/$ Exemption$/$ Itemized deduction$/$ Standard

deduction$/$ Steps to AGI$/$ Steps to taxable income.