Apply Adjustments To Gross Income Practice Test

Above-the-line deductions are subject to the 2% AGI floor applicable to miscellaneous itemized deductions

Above-the-line deductions reduce AGI and are available regardless of whether the taxpayer itemizes or claims the standard deduction

Above-the-line deductions provide no benefit unless their total exceeds the standard deduction amount

Above-the-line deductions are available only to self-employed taxpayers