question content areain terms of the tax formula applicable to individual taxpayers, which of the following statements is correct? a.in arriving at taxable income, a taxpayer must choose between the standard deduction and the deduction for qualified business income. b.in arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions. c.in arriving at agi, personal and dependency exemptions are subtracted from gross income. d.the tax formula does not apply if a taxpayer elects to claim the standard deduction.