I’m stuck on several questions in the selected letters column. 1. Adjustments ___ A. This is used…

I’m stuck on several questions in the selected letters column.

1. Adjustments ___ A. This is used to calculate limits for certain itemized deductions

2. Adjusted gross income __ B. This can be claimed if taxpayer provides more than half their support.

3. Deductions (H) C. Deductions such as employee, personal retirement, higher education, and support expenses are included in this category.

4. Standard deduction___ D. These are charitable contributions.

5. Itemized deduction (A) E. This is a blanket deduction that includes various deductible expenses normally incurred by taxpayers.

6. Exemption____ F. Many of these are based on a percentage of AGI.

7. Itemized deduction example___ G. This term includes all income less certain allowable adjustments.

8. Capital gains tax categories (J) H. This can be either standard or itemized.

9. Steps to AGI ___ I. This is adjusted gross income less deductions and exemptions.

10. Steps to taxable income J. This is taxed as ordinary income if held less than 12 months.