Adjusted Gross Income in a sentence
Synonym: net income. Antonym: gross income
Meaning: An individual's total gross income minus specific deductions.
(1) My adjusted gross income increased this year.
(2) The adjusted gross income determines your tax liability.
(3) The IRS requires you to report your adjusted gross income.
(4) Your adjusted gross income is calculated before deductions.
(5) A higher adjusted gross income may result in a higher tax rate.
(6) The adjusted gross income is a key figure in financial planning.
(7) Your adjusted gross income is used to determine your tax bracket.
(8) The higher your adjusted gross income, the more taxes you will owe.
(9) Your adjusted gross income may be different from your gross income.
(10) Your adjusted gross income is reported on your tax return each year.
Adjusted Gross Income sentence
(11) Your adjusted gross income is used to calculate your taxable income.
(12) Your adjusted gross income can be found on line 7 of your tax return.
(13) The adjusted gross income is a key factor in determining tax liability.
(14) Your adjusted gross income can impact your ability to save for retirement.
(15) Ordinary income is the starting point for determining adjusted gross income.
(16) Your adjusted gross income can be affected by certain deductions and credits.
(17) Your adjusted gross income can be affected by changes in your marital status.
(18) The state income tax is based on the taxpayer's federal adjusted gross income.
(19) The value of personal exemptions is subtracted from your adjusted gross income.
(20) The adjusted gross income is an important figure for self-employed individuals.
Adjusted Gross Income make sentence
(21) The adjusted gross income is used to calculate your state income tax liability.
(22) Your adjusted gross income can be impacted by changes in your employment status.
(23) You can lower your adjusted gross income by contributing to a retirement account.
(24) Deductions such as student loan interest can help lower your adjusted gross income.
(25) Your adjusted gross income is the amount of income you earned minus any deductions.
(26) You can deduct any medical expenses that exceed 7.5% of your adjusted gross income.
(27) The adjusted gross income is a key figure in determining your federal tax liability.
(28) Your adjusted gross income is a crucial component of your overall financial picture.
(29) The adjusted gross income is the starting point for calculating your taxable income.
(30) The IRS requires taxpayers to report their adjusted gross income on their tax returns.
Sentence of adjusted gross income
(31) Your adjusted gross income can impact your eligibility for certain government programs.
(32) The adjusted gross income is used to determine your eligibility for certain deductions.
(33) Your adjusted gross income can affect your eligibility for certain government benefits.
(34) Your adjusted gross income is a key factor in determining your overall financial health.
(35) The adjusted gross income is a key component in determining your overall financial health.
(36) The adjusted gross income is used to determine the amount of Social Security taxes you owe.
(37) Your adjusted gross income is a reflection of your overall financial success and stability.
(38) The adjusted gross income is used to determine eligibility for certain healthcare subsidies.
(39) Your adjusted gross income can impact your ability to qualify for a mortgage or other loans.
(40) It's important to calculate your adjusted gross income accurately to avoid any tax penalties.
Adjusted Gross Income meaningful sentence
(41) Your adjusted gross income is a key metric used by lenders to evaluate your creditworthiness.
(42) Your adjusted gross income is a useful tool for evaluating your financial progress over time.
(43) The adjusted gross income is a key factor in determining eligibility for certain tax credits.
(44) The adjusted gross income is used to determine your eligibility for certain retirement plans.
(45) Your adjusted gross income is an important figure to keep track of for tax planning purposes.
(46) Understanding your adjusted gross income is essential for making informed financial decisions.
(47) The adjusted gross income is an important figure for financial planning and budgeting purposes.
(48) The adjusted gross income is an important figure for lenders when evaluating loan applications.
(49) It is important to accurately calculate your adjusted gross income to avoid penalties or audits.
(50) The adjusted gross income is used to determine eligibility for certain retirement savings plans.
Adjusted Gross Income sentence examples
(51) Your adjusted gross income is a critical factor in determining your overall financial stability.
(52) If you have a high adjusted gross income, you may not qualify for certain financial aid programs.
(53) The adjusted gross income is used to determine eligibility for certain tax credits and deductions.
(54) Your adjusted gross income may affect your eligibility for certain government assistance programs.
(55) The adjusted gross income is used to determine your eligibility for certain education tax credits.
(56) Personal exemptions are subtracted from your adjusted gross income to determine your taxable income.
(57) The adjusted gross income is used to determine eligibility for certain state and local tax benefits.
(58) The adjusted gross income is a useful metric for comparing income levels across different households.
(59) It is important to understand the impact of deductions and adjustments on your adjusted gross income.
(60) The adjusted gross income is used to determine eligibility for certain education-related tax benefits.
Sentence with adjusted gross income
(61) The standard deduction is subtracted from your adjusted gross income to determine your taxable income.
(62) Your adjusted gross income is used to determine your eligibility for certain tax credits and deductions.
(63) Your adjusted gross income is a reflection of your income after certain expenses are taken into account.
(64) Your adjusted gross income is a key metric used by financial advisors to evaluate your financial health.
(65) The adjusted gross income is an important figure for financial planning and retirement savings strategies.
(66) Your adjusted gross income may be different from your taxable income due to certain exclusions and credits.
(67) Self-employed individuals must calculate their adjusted gross income differently than traditional employees.
(68) Your adjusted gross income may fluctuate from year to year depending on changes in your financial situation.
(69) Your adjusted gross income is a reflection of your earnings after certain deductions are taken into account.
(70) Your adjusted gross income may be different from your total income due to various deductions and adjustments.
Use adjusted gross income in a sentence
(71) The alternative minimum tax is calculated based on a taxpayer's adjusted gross income and certain adjustments.
(72) It is important to consult with a tax professional to ensure you accurately calculate your adjusted gross income.
(73) It is important to keep accurate records of your income and deductions to calculate your adjusted gross income correctly.
(74) Although his adjusted gross income was high, Tom was still unable to qualify for a mortgage due to his poor credit score.
(75) Despite having a high adjusted gross income, the couple was unable to save any money due to their extravagant lifestyle and overspending habits.
(76) Although her adjusted gross income was higher than expected, she still managed to save a significant amount of money by cutting back on unnecessary expenses.
(77) Despite their adjusted gross income being relatively low, the couple was able to afford a comfortable retirement by investing wisely and living within their means.
(78) John's adjusted gross income increased significantly after he received a promotion at work, but he still struggled to make ends meet due to his high living expenses.
(79) After deducting all of her business expenses, Sarah's adjusted gross income was much lower than she had anticipated, but she was still able to pay her bills on time.
(80) Despite their adjusted gross income being lower than the national average, the couple was able to afford a comfortable lifestyle by living frugally and investing wisely.
(81) Although her adjusted gross income was lower than her colleagues, Jane was still able to secure a promotion by demonstrating her exceptional work ethic and dedication to the company.
(82) After reviewing his tax return, John realized that he had made a mistake in calculating his adjusted gross income, which resulted in him owing more money to the IRS than he had anticipated.
(83) After consulting with a financial advisor, the couple realized that they could significantly reduce their tax liability by maximizing their deductions and lowering their adjusted gross income.
Adjusted Gross Income meaning
Adjusted Gross Income (AGI) is a term that is commonly used in the field of taxation. It refers to the total amount of income that an individual or a household earns in a given year, minus any deductions or exemptions that they are entitled to claim. AGI is an important figure because it is used to determine a person's tax liability, as well as their eligibility for certain tax credits and deductions. If you are new to the world of taxation, you may be wondering how to use the term "adjusted gross income" in a sentence. Here are some tips to help you get started:
1. Define the term: Before you can use the term "adjusted gross income" in a sentence, you need to make sure you understand what it means. As mentioned above, AGI is the total amount of income earned in a year, minus any deductions or exemptions. You can use this definition as a starting point for your sentence. Example: "Adjusted gross income is the total amount of income earned in a year, minus any deductions or exemptions."
2. Use it in context: To make your sentence more meaningful, try to use the term "adjusted gross income" in a sentence that relates to a specific situation or scenario.
For example, you could use it in a sentence about filing taxes, applying for a loan, or calculating eligibility for a tax credit. Example: "When calculating your eligibility for the Earned Income Tax Credit, you must first determine your adjusted gross income."
3. Use it in a question: Another way to use the term "adjusted gross income" in a sentence is to ask a question that relates to it. This can help you clarify your understanding of the term and its implications. Example: "What deductions can I claim to reduce my adjusted gross income for tax purposes?"
4. Use it in a comparison: You can also use the term "adjusted gross income" in a sentence that compares it to another figure or concept. This can help you highlight the importance of AGI in a particular context. Example: "Your adjusted gross income is a key factor in determining your eligibility for certain tax credits, such as the Child Tax Credit, which is based on your income level."
5. Use it in a statement:
Finally, you can simply use the term "adjusted gross income" in a sentence that makes a statement about it. This can be a good way to summarize its meaning or significance. Example: "Adjusted gross income is an important figure to know when filing your taxes, as it determines your tax liability and eligibility for certain deductions and credits."
In conclusion, using the term "adjusted gross income" in a sentence is not difficult once you understand its meaning and implications. By following these tips, you can use the term effectively in a variety of contexts and situations.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Adjusted Gross Income. They do not represent the opinions of TranslateEN.com.