Question

What is the adjustment to income or income after certain deductions also known as?

Answer 1

Adjustments to income are expenses that reduce your total, or gross, income. You enter income adjustments directly onto Form 1040 of your tax return. The amount remaining after deducting these expenses is "adjusted gross income."

Answer 2

Adjusted Gross income = Gross income - adjustment to income

It is also known as "taxable income"

Explanation:

Adjustment to income is nothing but the income after deducting your expense in a business.

Adjusted cross income = Gross income - adjustments to income

This is also know as "the taxable amount."

Adjusted cross income is the taxable amount after the deduction.

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