47 - employed qualified pension plans; student loan...

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1. What is a for AGI deductions? Give three examples. Answer: A deduction for AGI is a deduction permitted under the IRC that is used to calculate AGI. It can also be thought of as a deduction from gross income to arrive at AGI. Examples include deductions for IRA’s, Keogh’s, or other self-
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Unformatted text preview: employed qualified pension plans; student loan interest; tuition and fees deduction; moving expenses; one-half the self-employment tax; self-employed health insurance deduction; penalty on early withdrawal of savings; and alimony paid....
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This note was uploaded on 09/16/2011 for the course ACCT 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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