Examples of 'adjusted gross income' in a sentence
Meaning of "adjusted gross income"
Adjusted Gross Income: The amount of income that is used to calculate an individual's tax liability after making adjustments for certain deductions, such as retirement contributions and student loan interest. It is an important figure when filing taxes
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- A taxpayer's total gross income minus specific deductions for things like business expenses, health savings account deductions, education expenses, and alimony payments, which is used to calculate taxable income by removing personal exemptions and itemized deductions.
How to use "adjusted gross income" in a sentence
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adjusted gross income
This gives the adjusted gross income.
Adjusted gross income is income before deductions and exemptions are claimed.
This is your modified adjusted gross income.
Modified adjusted gross income is defined as adjusted.
The percentage is based on your adjusted gross income.
Modified adjusted gross income is below a certain threshold.
The percentage depends on their adjusted gross income.
Taxpayers whose adjusted gross income does not exceed certain.
These benefits are based on your modified adjusted gross income.
Your earned income and adjusted gross income are within certain limits.
And these taxes are assessed on your adjusted gross income.
Taxable income is adjusted gross income minus allowances for personal exemptions and itemized deductions.
Gross income is reduced by certain items to arrive at adjusted gross income.
Your adjusted gross income must be less than,.
They will need to know their expected adjusted gross income.
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Your household 's adjusted gross income is based on personal taxes only.
The next step is to start the calculation of your adjusted gross income.
If your adjusted gross income is above a certain amount, the credit is limited.
The amount available also phases out based on adjusted gross income levels.
Taxable income is adjusted gross income minus your deductions ( standard or itemized ).
Only enter the amount that was taxable and included in the adjusted gross income.
However, the contribution ( deduction ) and modified adjusted gross income limitations are adjusted annually for inflation.
The total miscellaneous deductions can not be more than two percent of adjusted gross income.
We verify your household income using the adjusted gross income listed on your tax transcript.
There are restrictions on Roth eligibility for some accounts based on your adjusted gross income.
Adjusted gross income is calculated by subtracting Above-the-line deduction from gross income.
You may not make contributions if your modified adjusted gross income exceeds certain limits.
Adjusted Gross Income is gross income minus the adjustments provided in Section 6 of these guidelines.
EIC phases out by the greater of earned income or adjusted gross income.
What was your adjusted gross income from your tax return? Federal Student Aid.
Your income tax amount should not be the same as your adjusted gross income AGI.
If the adjusted gross income is,.
The next step would be to determine what your Adjusted Gross Income is.
Residents must pay 30 % of adjusted gross income as part of their client contribution.
Work-related expenses are subject to a threshold of 2 percent of your adjusted gross income.
States go by the applicant 's Modified Adjusted Gross Income when determining income eligibility.
Only enter the amount that was taxable and included in your parents ' adjusted gross income.
The 10 % of adjusted gross income limit does not apply to net qualified disaster losses.
After these items are deducted, an adjusted gross income is calculated.
Adjusted Gross Income is an individual ( or couple 's ) total taxable income minus specific reductions.
But the amount is reduced if your adjusted gross income is more than,.
Adjusted Gross Income ( AGI ) is a major factor in determining your taxes.
Other income producing expenses in excess of 2 % of adjusted gross income are also deductible.
Adjusted Gross Income ( AGI ), An individual 's total gross income minus specific deductions.
The list of deductions not subject to the 2 percent limit of adjusted gross income includes,.
Your earned income and adjusted gross income ( AGI ) must each be less than,.
Moreover, they are desirable because they reduce adjusted gross income AGI.
To the 2 % of adjusted gross income limit.
For many people, MAGI is identical or very close to their adjusted gross income.
Payment and average adjusted gross income ( AGI ) limits.
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Adjusted net enrolment ratio in primary education
Examples of using Income
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Interest income and gain on sale of securities
Adjustment for accrued income from investments
Total income trends have been referred to above
