Investor Glossary-adjusted gross incomeInvestor Glossary-adjusted gross incomeInvestor Glossary-adjusted gross incomeInvestor Glossary-adjusted gross incomeInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Adjusted Gross Income

The HTML to link to this page
 

Adjusted gross income is the amount of income used on IRS Form 1040 to calculate a person's income tax liability. The adjusted gross income is an individuals income (wages, interest, dividends, capital gains/losses, etc.) less various adjustments (IRA contributions, alimony paid, etc.). Adjusted gross income is calculated before the itemized or standard deductions, exemptions, and credits are taken into account. Adjusted gross income is recorded at the bottom of the 1040 form. Adjusted gross income is also used to determine an individual's eligibility for various tax benefits and exemptions. Adjusted gross income is used on many non-IRS forms as a true measure of a individual's income. Most state forms use the federal adjusted gross income figure to reflect a individual's income for state taxes.



Rate this Adjusted Gross Income definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: dividends payable, limit order, phantom income, deferred tax, wholly-owned subsidiary, cancelled check, LIBOR, 1031 exchange, average price per share, per diem, APR, covered put, irrevocable trust, inflation, labor relations, current ratio, required rate of return, ex-dividend date, stock split, retained earnings, risk management, minority interest, open position, liquidity ratio, command economy, class C shares, ex-dividend, 144a, debt service coverage, diluted share, option premium, balance sheet, margin rate, real GDP, Key Rate Duration, reverse mortgage, FTSE, deferred revenue, FICO score, annual return, stock market close, 401a, EBITDA, implied volatility, 1035 exchange, Zero Cost Collar, quality assurance, VIX, in escrow


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use