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What is Adjusted Gross Income?
What is taxable income?
Are they the same?

1 Answer

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Answer:

taxable income is the portion of your total income that can be taxed

adjusted gross income is an individual's total gross income minus specific deductions. It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes. No they are not the same

Explanation:

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