Need help with Accounting Discussion Question Week 10

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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?

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?

 
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