Remaining Time: 6 hours, 33 Question Completion Status: > &Mong; to another ques

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Remaining Time: 6 hours, 33 Question Completion Status: > &Mong; to another question will save this response. Question 72 Regarding the tax formula and its rel ationahip to form 1040, which, it any, of the following statements is correct? O a Most exclusions from gross income are repozted on page 2 ot Form 1040. b. An-above the line deduction" reter3 to a deduction from AGI. O c. A "page 1 deduction" reters to a deduction or AGI. o d The taxable income (I) amount appears both at the bottom ot page 1 and ac the top ot page 2 ot rorm 1040. Oe.Tax eredits reduce the gross income on page 1. Moving to another question will save this response

Explanation / Answer

Option B and Option C as they both mean the same by which the AGI will come down because of the adjustment

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