AGI meaning in Accounts and Finance ?

Answer:

What is Adjusted Gross Income mean?

In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

Gross income is sales price of goods or property, minus cost of the property sold, plus other income. It includes wages, interest, dividends, business income, rental income, and all other types of income. Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items.

Several deductions (e.g. medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI. Many states base state income tax on AGI with certain deductions.

Adjusted gross income is calculated by subtracting Above-the-line deduction from gross income.

reference

Full Form	Category
Italian Geophysical Association	Academic & Science
Associazione Geofisica Italiana	Academic & Science
Artificial General Intelligence	Academic & Science
Academic Global Immersions	Academic & Science
American Geological Institute	Academic & Science
Above Ground Installation	Academic & Science
Associazione Geotecnica Italiana	Academic & Science
Italian Geotechnical Association	Academic & Science
Accounting Group International	Accounts and Finance
Adjusted Gross Income	Accounts and Finance
Wageningen	Airport Code
American Grippers Inc	Business
Alpha Genesis Inc	Business
Annual Gross Income	Business
Alpine Group, Inc.	Business
Association for Geographic Information	Business
Aggregated Gross Income	Business
Agi	Business
Alamos Gold, Incorporated	Business
Ainsworth Game Technology Ltd	Business
Alamos Gold Inc	Business
Advanced Geosciences Inc	Business
Alan Guttmacher Institute	Community
Advanced Global Imaging	Computing
Address Group Identifier	Computing
Advanced Grid Infrastructure	General
Achievement Gap Initiative	General
Audacious Goals Initiative	General
Angus Genetics Incorporated	General
Amplified Geochemical Imaging	General
Advanced Geant Interface	General
Adventures Game Interpreter	General
Intellligence Collector ship (Auxiliary, General, Intelligence)	General
Auxiliary General Intelligence	General
Alliance Graphique Internationale	Governmental
Accredited Gemological Institute	Governmental
Allan Guttmacher Institute	Governmental
American Geosciences Institute	Governmental
Arizona Genomics Institute	Governmental
American Gunsmithing Institute	Governmental
American Graphics Institute	Governmental
Accredited Gemologist Institution	Governmental
AMGURI	Indian Railway Station
Alliance Ground International	International
Artist Group International	International
Architectural Group International	International
Advanced Ground Instructor	Jobs
Alpha Glucosidase Inhibitor	Medical
A Grand Idea	Messaging
Advanced Geospatial Intelligence	Military and Defence
Annual General Inspection	Military and Defence
Address Generation Interlock	Networking
Asterisk Gateway Interface	Networking
Association of Ghana Industries	Regional
Analytical Graphics, Inc.	Softwares
Applications Graphics Interface	Softwares
Adventure Game Interpreter	Sports