from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Income generated before deducting expenses, taxes, insurance, etc.
- n. In United States tax law, income that is subject to taxation under the Internal Revenue Code (see Internal Revenue Code 61).
Sorry, no etymologies found.
Once a couple reaches the $50,000 adjusted gross income (AGI) threshold (singles $35,000) and either they or their employers contribute to a company retirement plan, they no longer qualify for even a nickel’s worth of deductible IRA contributions.