Subtracting certain allowable amounts from the gross income results in your
1. adjusted gross net taxable income.
2. These allowable amounts, or untaxed portions of income, are called
3. adjustments.
4. deductions.
5. credits.
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Home » Business » Subtracting certain allowable amounts from the gross income results in your 1. adjusted gross net taxable income. 2. These allowable amounts, or untaxed portions of income, are called 3. adjustments. 4. deductions. 5. credits.