Ch. 1 - General Overview

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Business/Economics (Income Tax) Karteikarten am Ch. 1 - General Overview, erstellt von Ariel Sauln am 25/04/2017.
Ariel Sauln
Karteikarten von Ariel Sauln, aktualisiert more than 1 year ago
Ariel Sauln
Erstellt von Ariel Sauln vor mehr als 7 Jahre
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Zusammenfassung der Ressource

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Deductions that reduce your total income Adjustments to income
Total/gross income less adjustments Adjusted Gross Income (AGI)
Either the taxpayers qualifying child or qualifying dependent Dependent
All income from whatever source and is not limited to cash received Gross Income
An individual who is not a U.S. citizen or national, and has not passed the green card test or the substantial presence test. Nonresident alien
An individual who is not a U.S. citizen or national, and who meets the green card test or the substantial presence test. Resident alien
Can take for himself and a spouse (if married), $4,000 per taxpayer for 2015 Personal Exemptions
Can take for each dependent listed on the tax return, $4,000 per dependent for 2015 Dependent Exemptions
Gross income less and allowable tax deductions, that is, the amount of income that is subject to tax Taxable Income
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