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What is the adjusted gross income

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Reference no: EM133124500

What is the Adjusted Gross Income (AGI)?

  • It is a person's total income before exclusions are applied.
  • It is the sum of exclusions and deductions a person can claim.
  • It is the income amount reported on Form 1040 after applying allowed deductions.
  • It is a person's wages and salaries minus their capital gains, scholarships, alimony, and pensions.

Reference no: EM133124500

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