adjusted gross income

(in U.S. income-tax returns) the total of an individual's wages, salaries, interest, dividends, etc., minus allowable deductions. Abbr.: AGI

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Universalium. 2010.

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  • adjusted gross income — /əˌdʒʌstɪd grəυs ɪnkʌm/ noun US a person’s total annual income less expenses, pension contributions, capital losses, etc., used as a basis to calculate federal income tax. Abbreviation AGI …   Dictionary of banking and finance

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