Question

question 6 of 10
gross income minus any adjustments, deductions, and exemptions is
a. adjusted gross income
b. federal income
c. gross income
d. taxable income

Explanation:

In tax and finance (subfield of Business), adjusted gross income (AGI) is defined as gross income minus adjustments, deductions, and exemptions. Option B (federal income) is too vague, C is the original gross income (not adjusted), and D (taxable income) comes after further deductions from AGI. So A matches the definition.

Answer:

A. adjusted gross income