Examlex
The direct method of formatting the statement of cash flow is also referred to as the reconciliation method.
Filing Status
A category that defines the type of tax return form an individual or entity will use, based on marital status and other factors.
Adjusted Gross Income (AGI)
A person's entire income before adjustments, reduced by certain allowable deductions, to calculate the income subject to tax.
Gross Income
The total income received before any deductions or taxes are taken out.
Permitted Deductions
Expenses that can legally be subtracted from one's gross income to reduce the amount of income subject to tax.
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