adjusted gross income
noun[U]
TAX,ACCOUNTINGUSukusAGI:
He and hiswifereportedfederaladjustedgrossincomeof $246,428 in 2010.
Examplesofadjusted gross income
adjusted gross income
Based on anadjustedgrossincomeformula the payments are 17% for one child and 25% for two children.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For 2014, anyone whoseadjustedgrossincomeis $58,000 or less will be eligible for at least one software product.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Average tax liability was $25,875, representing 20% ofadjustedgrossincome.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The loss is reduced by a $100 per event and the total loss might be reduced by the 10% ofadjustedgrossincomefloor.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It standardized the value of personal exemptions at $500 per person for those withadjustedgrossincomeof $5,000 or more.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The exemption amount for taxpayers withadjustedgrossincomein excess of the maximum phaseout amount is $2,433 for 2009.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A taxpayer's gross income minus his or her above-the-line deductions is equal to theadjustedgrossincome.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Because these deductions are taken beforeadjustedgrossincomeis calculated, they are designated above-the-line.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For these purposes, income is calculated by summing theadjustedgrossincomeplus all untaxed income.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Other income producing expenses in excess of 2% ofadjustedgrossincomeare also deductible.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.