Answer:
The correct answer is all of them. Options "A", "B", and "C" are correct.
Explanation:
AGI stands for Adjusted Gross Income. It is a term fro the internal revenue code that refers to a number used on the Form 1040 U.S. individual tax return. AGI helps to determine a person's income taxes due. The formula for the AGI is:
<em>(Gross Income from taxable sources - allowable deductions)</em>
Among those above the line deductions, we can find:
- <em>Some retirement plan investments, such as Individual Retirement Accounts (IRA), SIMPLE IRA, SEP IRA.</em>
- <em>Healthcare savings account (HSA).</em>
- <em>Part of of the tax on self-employment.</em>
- <em>Early withdrawal penalties levied by financial institutions.</em>
- <em>Losses resulting from the selling or transfer of assets.</em>
- <em>School tuition, fees and interest in student loans.</em>
As we can see, all the choices given in our case are eligible to be deducted in the AGI.
The federal principle of government.
And federal means pertaining to or of the nature of a union of states under a central government distinct from the individual government of the separate states
While common sense is helpful in explaining certain events, unfortunately, it does not help us: predict the future. Option C is correct. This is further explained below.
<h3>What is common sense?</h3>
Generally, A fundamental capacity to see, comprehend, and evaluate in a way that is shared by the vast majority of individuals is what we mean when we talk about common sense. Common sense is a judgment that is sensible and applicable to daily situations. The intellectual roots of the daily concept of common sense may be traced back to a historical conversation that included many European languages.
In conclusion, While common sense may shed light on a number of occurrences, it can not aid us in the following ways: Speculate about the future
Read more about common sense
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Deforestation and the destruction of forest habitat is the leading cause of extinction on the planet. Trying to pull deforestation and climate change apart won't work. Trees, forest plants, and forest soils store huge amounts of carbon. When forests are cut, this powerful carbon sink is rendered useless.
