Question: When preparing a tax return, it is important to complete each step in the order prescribed. Identify each step in completing a tax return by
When preparing a tax return, it is important to complete each step in the order prescribed.
Identify each step in completing a tax return by choosing the step from the fields below.
Section A: *Answered*
Gross Income
Section B:
A.) Adjustments to (gross) income
B.) Total Personal Exemptions
C.) Adjusted Gross Income (AGI)
Section C: *Answered*
Adjusted Gross Income
Section D:
A.) Taxable Income
B.) Total Tax Liability Owed
C.) Total Personal Exemptions
Section E:
A.) Taxable Income
B.) Other Taxes
C.) Adjusted Gross Income (AGI)
Section F: *Answered*
Tax Credits
Section G:
A.) Tax Credits
B.) Other Taxes
C.) Total Tax Liability Owed
Section H: *Answered*
Total Tax Liability Owed
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