8668434
Description
Flashcards by Ariel Sauln, updated more than 1 year ago
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Created by Ariel Sauln
over 7 years ago
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| Question | Answer |
| 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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