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STATEMENT of GROSS INCOME, Used with DR 501, 416, 416B  Form

STATEMENT of GROSS INCOME, Used with DR 501, 416, 416B Form

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in this presentation we will introduce the topic of adjustments for adjusted gross income otherwise known as above-the-line deduction for more accounting information and accounting courses visit our website at accounting instruction dot info here is our income tax equation remember what the tax calculation will be it's in essence an income statement that gets to taxable income which we will then apply some tax calculation to and then compare that to the payments that we have made to see if we owed tax or have a refund an income statement represents income minus expenses now of course this is a very strange income statement because the tax code has a lot of different objectives to it however it's still in essence and income statement and we're talking here about a type of deduction so we're gonna start off with the income and then we've got deductions and these are going to be called the above-the-line deductions because we're gonna call them adjustments for adjusted gross income and th

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