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3 years ago

What is the difference between gross income, taxable income, and adjusted gross income?

Business

2 answers:

lukranit [14]3 years ago

8 0

Answer:

Taxable income is a layman's term that refers to your adjusted gross income (AGI) less any itemized deductions you're entitled to claim or your standard deduction. You're not permitted to both itemize deductions and claim the standard deduction. ... The result is your taxable income.

Explanation:

melisa1 [442]3 years ago

6 0

Answer:

Here is what I found, I hope it helps

Explanation:

Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.

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Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,

alexandr402 [8]

Answer:

2014 CPI= 101.5

2013 CPI= 100.8333333

2014 Inflation Rate= 0.66%

Explanation:

Consumer Price Index (CPI):

The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.

Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

CPI (x+1) - CPI (x)

_____________

CPI (x)

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3 years ago

Cadets at West Point spend time during the summer learning about the branches of the Army like aviation, infantry, ordnance, fin

vovikov84 [41]

Answer:

b. rotation

Explanation:

correct answer is rotation because Job rotation is a management approach where employees are regularly moved between two or more tasks or jobs to expose them to all work areas of the company.
This is a pre-planned approach aimed at testing the skills and capabilities of employees so that they can be implemented. In addition, it reduces the change of job and gives them a broader experience and helps them gain more insight.
Job rotation is a well-planned exercise to reduce boredom and learn the employee's hidden ability to do the same thing. This process is useful for management and employees

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3 years ago

Jeb looked through a magazine and found an article called “A Look Back at the Civil War.” What would be the quickest way for

prohojiy [21]

The correct answer for this is C. Jeb should scan the article to check if the one he's looking for is in there. This way, you can efficiently use your time and lessen your hassle on reading everything what the article has to say.

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3 years ago

Points out of 1.00 Not flaggedFlag question Question text From the lessee's perspective, in the first year of a lease,

Tasya [4]

Answer:

A) a finance lease will cause debt to increase, compared to an operating lease

Explanation:

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3 years ago

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A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions n

juin [17]

Answer:

Management information

Explanation:

From the question we are informed about instance, whereby A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. In this case, The type of information system most likely to provide this type of information would be classified as a Management information. Management information system can be regarded as a an information system that is been used in decision-making as well as in the coordination, control and analysis or visualization of information in an organization.

Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.

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3 years ago