Need help with Accounting Discussion Question Week 10
1. AGI
The adjusted gross income number (AGI) is an important one. It is said it is always better for a deduction to be “for” AGI, also called “above the line”. Why is it better? Can you name any specific benefits?
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2. Dependency Exemptions
Discuss the requirements to be able to claim someone as your dependent. More important, discuss WHY each of these requirements exist. Why have them?
