Write an essay should talk about the concept of Individual Income Tax Formula in Accounting.

The requirement for this essay is a minimum of 5 pages maximum of 8, double spaced.

The formula is in the jpeg image attached, and each part of the formula should be broken down in detail.

The other categories are:
Gross Income
Character of income
Deductions
For AGI Deductions
From AGI Deductions
Income Tax Calculation
Other taxes
Tax credits
Tax prepayments

All the categories have to be mentioned in the essay in detail and related back to the individual Income Tax Formula.