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Question 5.5. (TCO 2) George Washburn had earnings from his salary of $44,000, interest on savings of $800, a contribution to a traditional individual retirement account of $2,000, and dividends from mutual funds of $600. George's adjusted income (AGI) would be $43,400. $44,000. $45,400. $42,000. $42,800. Question 6.6. (TCO 2) _____ can be calculated as a result of various items being subtracted from gross income, such as individual retirement account contributions and alimony payments. Adjusted gross income Taxable income Earned income Passive income Total exclusions Question 7.7. (TCO 2) When filing your taxes, a set amount on which no taxes are paid is called _____. itemized deductions withholding an earned tax credit the standard deduction capital gains Question 8.8. (TCO 2) Taxes owed can be reduced through _____. the standard deduction a tax credit an itemized deduction an exclusion an exemption Question 9.9. (TCO 2) _____ would qualify a person for an exemption when computing taxable income.