adjusted gross income


adjusted gross income
(in U.S. income-tax returns) the total of an individual's wages, salaries, interest, dividends, etc., minus allowable deductions. Abbr.: AGI

Useful english dictionary. 2012.

Look at other dictionaries:

  • Adjusted Gross Income — (AGI) is a United States tax term for an amount used in the calculation of an individual s income tax liability. AGI is calculated by taking an individuals gross income and subtracting the income tax code s enumerated deductions, and is an… …   Wikipedia

  • adjusted gross income — n: an individual s gross income decreased by the amount of deductions allowed esp. for business expenses Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. adjusted gross income …   Law dictionary

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  • adjusted gross income — In the USA, the difference between the gross income of a taxpayer and the adjustments to income …   Accounting dictionary

  • adjusted gross income — A tax law term for gross income less the deductions permitted by law …   Ballentine's law dictionary

  • adjusted gross income — (AGI)  A measure of personal income used by the INTERNAL REVENUE SERVICE. AGI includes all sources of personal income minus allowances for contributions to INDIVIDUAL RETIREMENT ACCOUNTS, KEOGH PLANS, alimony payments, and other adjustments …   American business jargon

  • adjusted gross income — /əˌdʒʌstɪd grəυs ɪnkʌm/ noun US a person’s total annual income less expenses, pension contributions, capital losses, etc., used as a basis to calculate federal income tax. Abbreviation AGI …   Dictionary of banking and finance

  • adjusted gross income — Fin the amount of annual income that a person or company has after various adjustments for income or corporation tax purposes …   The ultimate business dictionary

  • adjusted gross income — (in U.S. income tax returns) the total of an individual s wages, salaries, interest, dividends, etc., minus allowable deductions. Abbr.: AGI * * * …   Universalium


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