Gross income is your total compensation before taxes or other deductions. If you think of yourself as a business, your gross income is your top-line revenue. The one thing you won't need to do in ...

An income statement lists financial projections in the following format: Income includes ... Net profit is the difference between gross profit margin and total expenses. The net income depicts ...

Taxable income is the part of your gross income (the total income you receive ... The "line" in above-the-line refers to Line 11 on Form 1040, where AGI is listed. Some above-the-line deductions ...

Gross income refers to the total amount of income earned from all sources before anything is taken out. Net income refers to income after all taxes and deductions are subtracted from the gross income.

However, if more than 75% of your adjusted gross income (AGI) is from farming ... the average of those three years of Farm AGI to the total Average AGI. If this number is greater than 75% ...