Gross income minus any adjustments, deductions, and exemptions is known as
A. adjusted gross income
B. federal income
C. gross income
D. taxable income
I believe the answer is: Taxable income Taxable income refers to the sum amount from income that would be subjected by the government to calculate the amount of tax that you must pay for the for the following year. The percentage that is used to calculate the tax would be different depending on your taxable income brackets.
