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Others are more specialized, such as an adjustment for moving expenses incurred by military personnel and an adjustment for teachers who buy classroom supplies.12 You may qualify for none of these adjustments, in which case your adjustable gross income will be identical to your gross income. What...
Sometimes, when people consider annual income or total annual income, they might be thinking of their salary before or after taxes are taken out from their paychecks. You can find your annual income on your Form W-2 from your employer. (Check out the next section if you’re looking fo...
Business expenses for fee-basis government officials, teachers, performing artists, and members of the military reserve forces (reservists) who traveled more than 100 miles to perform reserve services; Jury duty pay you received and turned over to your employer because they continued to pay you whi...
Bush’s military spending and significant tax cuts in response to the recession added about $4 trillion to the national debt.4243 Barack Obama (2009–2017) Average Annual GDP Growth Rate: 2.3% President Barack Obama had an average annual GDP growth rate of 2.3%. Obama ended the 2008 ...