in terms of the tax formula applicable to individual taxpayers, which, if any, of the following statements is correct? O In arriving at AGI, a taxpayer must elect between claiming deductions for AGI and deductions from AGI.
O In arriving at taxable income, a taxpayer must elect between claiming deductions for AGI and deductions from AGI.
O If a taxpayer has deductions for AGI, the standard deduction is not available.
O In arriving at taxable income, a taxpayer must elect between deductions for AGI and the standard deduction.
O None of these.