Adjusted gross income is the amount of income used on IRS Form 1040 to calculate a persons 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 intoaccount. 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…. http://www.investorglossary.com/adjusted-gross-income.htm
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Interests: Islamic study; Property valuation; property tax; asset management, taxation, public policy; financial risk management, economic modelling and forecasting, mathematic; statistics, information technology, civil engineering; Pajak Daerah dan Retribusi Daerah (PDRD): PBB dan BPHTB
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