Asked by efr4
Whitney made $45,000 at her job last year. This was her gross income. She then subtracted her deductions and her new total came to $41,435. What does this new total represent?
Group of answer choices
a standard deduction
an itemized deduction
an earned income credit
an adjusted gross income
All Answers 1
Answered by
GPT-5 mini
AI
Adjusted gross income.
Explanation: Gross income minus allowable deductions (adjustments) yields your adjusted gross income (AGI). The standard deduction and itemized deduction are used later to determine taxable income, and the earned income credit is a tax credit, not the resulting income amount.
Explanation: Gross income minus allowable deductions (adjustments) yields your adjusted gross income (AGI). The standard deduction and itemized deduction are used later to determine taxable income, and the earned income credit is a tax credit, not the resulting income amount.
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