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 drop-down fields below. Step I: Determine Adjusted Gross Income A Less B Equals C Less Step II: Calculate Taxable Income Larger of itemized deductions or standard deduction Equals D Step III: Calculate Tax Liability Calculate tax using tax tables or tax rate schedules Less E Plus F Equals G A Gross income [all income subject to income taxes] B Adjustments to (gross) income C D Taxable income E F Other taxes G Total tax liability owed

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