Question

Gross income minus any adjustments, deductions, and exemptions is known as___. A.adjusted gross income. B.federal income. C.gross income. D.taxable income

Answer 1

Gross income minus any adjustments, deductions, and exemptions is known as taxable income since they are permitted to be used by people during the tax year ;)

Answer 2

The correct answer among all the other choice is D. taxable income. Gross income, minus any adjustments, deductions, and exemptions is known as taxable income. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.