The phrase “how do you calculate adjusted gross income on a tax return” is an interrogative phrase, which is a type of sentence that asks a question. In the context of income tax calculation, the term “adjusted gross income” holds great significance.
Adjusted gross income (AGI) serves as the starting point for determining taxable income, which ultimately affects the amount of income tax liability. For instance, knowing how to calculate AGI helps individuals maximize tax deductions and credits.