by Jarel Daniels | Mar 3, 2021 | Importance of Income Statement
What is Adjusted Gross Income? Adjusted Gross Income (AGI) is the amount where the income tax liability or the amount of income tax you owe is based on. It is evaluated by the Internal Revenue Service (IRS). Simply put, AGI is determined by taking away some...
by Jarel Daniels | Aug 28, 2020 | Importance of Income Statement, Income Statement, Tax & Accounting
One of the three most important financial statements is the Income statement. It is where revenues, expenses, and overall profits or losses are reported for only a specific period. Here, all the costs that contribute to the final earnings are evident, which is also...
