A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Adjusted Gross Income Definition

January 21, 2015

smayes

Definition
The amount of an employee’s take-home pay after adjusting for taxes and other required and voluntary deductions.

Extended Definition
Lenders will often ask to see the adjusted gross income to determine whether to approve a person’s loan. Adjusted gross income can present a more realistic financial picture than gross income alone.

Related Article:
What is Adjusted Gross Income?

Accounting software glossary ad