Assertion: exemption's income | /r/DefinedAs | adjusted gross income
Facets:
value: for federal income tax purposes
type: PURPOSE
Source sentences:
text: Income is defined as "adjusted gross income" (AGI) for federal income tax purposes as reported on the applicants' federal or State income tax return for the applicable income tax year, less the "taxable amount" of total distributions from individual retirement accounts or individual retirement annuities, both of which are commonly known as "IRAs.