Total Income MinusAdjustments EqualsAdjusted Gross Inc…
Total Income MinusAdjustments EqualsAdjusted Gross Income MinusStandard Deduction or Itemized Deduction (Taxpayer’s Choice) AndPersonal Exemptions EqualsTaxable Income To which applyRate Schedule or Tax Table To calculateTax MinusCredits EqualsTotal Tax Minuswithholding, Estimated Payments, and Other PaymentsEqualsTax Refund or Tax Due——————————————— Assuming one itemizes one’s deductions, which of the following is true with respect to Federal individual income taxation? (see attached copy of Figure 9-1 as promised)