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 Glossary   >   A   >   "Adjusted gross income" Definition   

        Adjusted gross income

In the US, a person"s income on which federal income tax is calculated. This is gross income less adjustments such as Individual Retirement Account, Simplified Employee Pension Plan, Keogh Plan and alimony payments but before itemised deductions such as state and local income taxes, interest expenses and medical expenses.

Adjusted gross income


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Adjusted gross income - In the US, a person"s income on which federal income tax is calculated. This is gross income less adjustments such as Individual Retirement Account, Simplified Employee Pension Plan, Keogh Plan and alimony payments but before itemised deductions such as state and local income taxes, interest expenses and medical expenses.


Adjusted gross income : in the us, a person"s income on which federal income tax is calculated. this is gross income less adjustments such as individual retirement account, simplified employee pension plan, keogh plan and alimony payments but before itemised deductions such as state and local income taxes, interest expenses and medical expenses.