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An above-the-line deduction reduces both adjusted gross income and taxable income.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 17DQ

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An above-the-line deduction reduces both adjusted gross income and taxable income. True or false

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