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2. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/adjusted-gross-income-calculate...

   Your W-2 does not list your adjusted gross income, but it contains the information you need to calculate your AGI. Box 1 lists your total income earned from your employer .

3. Your W-2: How to Understand This Important Tax Form - AOL

   www.aol.com/news/2015-01-17-understand-your-w2.html

   Finally, Boxes 15 to 20 provide information that state and local tax authorities need to determine what you owe in state and local taxes. Income amounts will appear in Boxes 16 and 18, and any ...

4. Gross vs. Net Income: Understanding the Difference - AOL

   www.aol.com/finance/gross-vs-net-income...

   Gross income measures the profit generated from sales alone, using your total revenue minus the cost to of the goods you sold. Find out how net come is different.

5. Tax bracket - Wikipedia

   en.wikipedia.org/wiki/Tax_bracket

   The W-2 form also shows the amount withheld by the employer for federal income tax. W-2 wages = gross salary less (contributions to employer retirement plan) less (contributions to employer health plan) less (contributions to some other employer plans) Total income is the sum of all taxable income, including the W-2 wages. Almost all income is ...

6. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

7. Income (United States legal definitions) - Wikipedia

   en.wikipedia.org/wiki/Income_(United_States...

   More commonly, this is reported on the income statement as "income (or loss) before taxes". Taxes are then subtracted from the pre-tax income to give a final net income or net profit (or net loss) figure. Net income or net profit which is not expended to shareholders in the form of dividends becomes part of retained earnings.

8. Form W-2 - Wikipedia

   en.wikipedia.org/wiki/Form_W-2

   In US territories, the W-2 is issued with a two letter territory code, such as W-2GU for Guam. Corrections can be filed using Form W-2c. The use of the form has led to the phrase "W-2 employees" to refer to those who receive Form W-2, in contrast to independent contractors and other "1099 workers" whose income is instead reported on Form 1099. [2]

9. How To Calculate Sales Tax: A Step-by-Step Guide - AOL

   www.aol.com/calculate-sales-tax-step-step...

   It accounts for 32% of all state taxes and 13% of all local taxes collected. Sales tax is levied on nearly all goods and services. Some states exempt sales on necessities like groceries or other ...