 | Individual Deductions
Upon completing this chapter, you should be able to:
| LO 6-1 | Identify the common deductions necessary for calculating
adjusted gross income (AGI).
| | LO 6-2 | Describe the different types of itemized deductions available
to individuals and compute itemized deductions.
| | LO 6-3 | Explain the operation of the standard deduction, determine
the deduction for personal and dependency exemptions, and
compute taxable income.
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