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单词 adjusted gross income
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adjusted gross income
adjusted gross income n. U.S. an individual's or corporation's gross income after certain adjustments are made for accounting or other purposes; (in later use) spec. the total annual income of an individual or corporation minus certain deductions and exemptions, esp. used for calculating income tax.
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1911 Amer. Econ. Rev. 1 707 The balance being the unearned increment on property owned previous to January 1, 1909, deducted from the corporate gross income, gives the adjusted gross income.
1944 Individual Income Tax Bill 1944 (78th U.S. Congr. 2nd Sess. H.R. Doc. No. 1365) 3 The bill introduces a new concept, adjusted gross income. It is defined to mean gross income less business deductions.
1989 Wall St. Jrnl. 19 Sept. a31/2 The only clear beneficiaries of the tax system now in effect are those with more than $150,000 in adjusted gross income.
2006 Amer. Jrnl. Compar. Law 54 654 In 2005, a married couple's personal exemptions begin to phase out at $218,950 of adjusted gross income.
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