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What is adjusted gross income?
Choose the correct answer below.

A. A person's adjusted gross income is figured by taking gross income and subtracting certain allowable amounts, called adjustments.

B. A person's total income for the year is their adjusted gross income.

C. A person's adjusted gross income is figured by subtracting their exemptions and deductions from their gross income.

D. A person's adjusted gross income is figured by taking gross income and subtracting certain allowable amounts, called credits.

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Answer:

C

Step-by-step explanation:

your gross income, and is then reduced by certain “above the line” deductions. Some common examples of deductions that reduce adjusted gross income include 401(k) contributions, health savings account contributions and educator expenses.