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The difference between deduction for AGI and deduction from AGI is that deduction for AGI reduces your total income before calculating your adjusted gross income, while deduction from AGI reduces your adjusted gross income after it has been calculated.
http://wiki.answers.com/Q/What_is_Deduction_from_gross_total_income"
Gross salary means the total salary BEFORE any deductions are taken, so the answer is no deductions.
the total gross pay plus tax deduction
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
Gross total income
Gross total income
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.
In almost all cases, this is your "total" (or gross) income, before taxes or other with-holdings. If you are paid hourly, this is your total hours worked x rate of pay. If you are on salary, it is your salary, rather than your actual take home pay.
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
When you are filing free taxes, be sure to consider every possible deduction for which you qualify. Deductions are what allow people to avoid having to pay heavy taxes. One deduction that people frequently miss out on is a medical expense deduction. If your medical expenses total more than 7.5% of your total adjusted gross income, then you will be able to qualify for a deduction on medical expenses. You will be able to write off any expenses associated with your medical care, such as traveling to and from doctor's appointments and the purchase of any medical equipment for your treatments.
Gross annual salary refers to the total amount of money an employee earns in a year before any deductions such as taxes, insurance, or retirement contributions are taken out. It includes the base salary as well as any additional bonuses, commissions, or other forms of compensation. This figure represents the total income earned by an individual over the course of a year before any deductions are made.