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dq 1
Adjustments to Gross Income (graded)
What is the composition of adjusted gross income? What deductions are included in determining adjusted gross income, and where would you find them on an individual income tax return?
dq 2
Business Versus Personal Expenses (graded)
What are the criteria for a trade or business deduction? How is a trade or business deduction substantiated? Please give an example of a trade or business deduction.