Gross income and adjusted gross income Your client received the following income during the taxable year: social
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Gross income and adjusted gross income
Your client received the following income during the taxable year: social security, $4,500, a gift from his brother, $1,500, and $1,000 from a Pega 4 drawing. The client has doubts about what is gross income and what is adjusted gross income. Using the information provided, how can you explain both terms to the client?
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