CourseLover

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About CourseLover

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Elementary,Middle School,High School,College,University,PHD

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 318 Weeks Ago, 1 Day Ago
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 09 Dec 2017 My Price 10.00

taxable income.

 

Class,

 

1-Good answers on taxable income. Here is a recap:

 

Taxable income is a result of subtracting adjustments to income, deductions, and exemptions from gross income.

 

An example is if you have your own small business like a pool route and you gross $30,000 dollars a year. You then have $8,000 dollars in gas expenses, chemicals, tools, truck insurance, truck payments, etc. You would then take 30,000 minus 8,000 and your taxable income would be 22,000 dollars.

 

Moving forward, what is adjusted gross income (AGI)? How do you calculate AGI?

 

Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 06:12 AM My Price 10.00

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