nicoleclifton20 nicoleclifton20
  • 01-10-2018
  • Business
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what is the difference between gross and adjusted income?

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badddiee
badddiee badddiee
  • 01-10-2018

Adjusted gross income (AGI) is often referred to as "net income," although the two are not necessarily the same thing. Net income is a catch-all phrase generally meant as "aftertax" income, while AGI is the total taxable income – that is, the taxable amount of your income remaining after deductions and other adjustments on the Form 1040.

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