Read the following passage and answer if the question is true or false.
Passage: In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. Taxable income is adjusted gross income minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

Question: is adjusted gross income same as taxable income?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
False.