adjusted gross income

noun

Legal Definition of adjusted gross income

: an individual's gross income decreased by the amount of deductions allowed especially for business expenses

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Dictionary Entries Near adjusted gross income

adjusted basis

adjusted gross income

adjustment bond

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Cite this Entry

“Adjusted gross income.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/adjusted%20gross%20income. Accessed 23 Jan. 2022.

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