Match each thing together

1 Gross Income
2 Adjusted Gross Income
3Taxable Income

A Total income - adjustments
B Total Income - adjustments - (standard or itemized deduction)
C Total Income for the year including wages, tips, interest or dividends from investments.

1 answer

The correct matches are:

  1. Gross Income - C Total Income for the year including wages, tips, interest, or dividends from investments.
  2. Adjusted Gross Income - A Total income - adjustments.
  3. Taxable Income - B Total Income - adjustments - (standard or itemized deduction).