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o-na [289]
3 years ago
9

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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Most often used in the description of urban property, which of the following methods of land description contains information re
Nina [5.8K]

Answer: The correct answer is "B. subdivision plat lot and block number".

Explanation: The subdivision plat lot and block number method of land description contains information on a wide variety of easements and can sometimes even contain a list of restrictive agreements.

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3 years ago
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Oona wants to conduct research on personnel management, workplace environment, and what type of environment results in high leve
podryga [215]

Answer:

The answer is: industrial organizational psychology

Explanation:

Industrial organizational psychology studies individual employees and group dynamics in the workplace. It deals with problems that originate from different workplace situations (e.g. problems between employees or problems between management and employees) and proposes solutions to improve the well being of the people involved, increase their productivity and enhance the overall performance of the organization.  

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3 years ago
Identify a major transportation problem in any vicinty in ghana or the world (safety, infrastructure, vehicles, policies and so
podryga [215]

The Major problem facing transportation in Ghana and around the world is the human capital and infrastructural issues.

<h3>Human Capital</h3>

   The importance of Human capital cannot be overemphasized in curbing the problems of transportation in Ghana and the world at large. Human capital must interface with physical capital to bring about good transport systems because physical capital will always remain out of existence without the input of human capital.

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Transport infrastructure is generally lacking in Ghana and sub-Saharan Africa. There is absence of well developed and functional infrastructure to drive the transport system. Such infrastructure include fast trains, durable roads etc.

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8 0
1 year ago
Archie Co. purchased a framing machine for $60,000 on January 1, 2021. The machine is expected to have a four-year life, with a
horrorfan [7]

Answer:

$16,500

Explanation:

Depreciation is a method used in expensing the cost of an asset.

sum-of-the years'-digits method = (useful life remaining / sum of years) x (cost of asset - residual value)

sum of the years  = 1 + 2 + 3 + 4 = 10

(3 / 10) x ($60,000 - $5,000) = $16,500

3 0
3 years ago
What is the total cost of a 15-year mortgage if the monthly payment is $1718.70? A. $447,585.60 B.$281.683.80 C. $309, 366.00 D.
Vaselesa [24]

Answer:

Total Cost = $309,366

Explanation:

Given:

Number of year = 15 year

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Find:

Total Cost

Computation:

Total Cost = Number of year x 12 months x Monthly payment

Total Cost = 15 x 12 x 1,718.70

Total Cost = $309,366

3 0
3 years ago
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