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


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # 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 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
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use