for tax purpose
2007-10-24 10:30:54 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
1. Earned income is wages, salary, and self-employment income. Earned income does not include unearned income, such as investment income, unemployment compensation, etc.
2. Adjusted gross income includes all taxable income, minus your adjustments, such as IRA contributions, moving expenses, etc. (These are not subtracted in calculating earned income.)
2007-10-24 14:21:19 · answer #1 · answered by StephenWeinstein 7 · 3⤊ 1⤋
Earned Income Vs Gross Income
2016-10-13 11:06:08 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Earned Income = Wages, Salary, Self-Employment
Adjusted Gross = All of the above + other income (interest, divedends, capital gains, etc.) LESS adjustments to income (IRA Deduction, Tuition Deduction, etc.)/
2007-10-24 10:36:25 · answer #3 · answered by Wayne Z 7 · 4⤊ 3⤋
earned income is income earned from working whether as an employee or self employed.
agi is the employment income plus various other types of income such as interest dividends rentals less certain allowable deductions
2007-10-24 10:54:46 · answer #4 · answered by goldenboyblue 3 · 1⤊ 1⤋
How much you earned is how much you earned. Adjusted is the amount after you take out any deductables (expenses, day care, car reg.,etc)
2016-03-13 06:11:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋