Household income is modified gross income increased by any excluded foreign income and tax-exempt interest.

Name: Household income is modified gross income increased by any excluded foreign income and tax-exempt interest.
Brand: Quizplus
Rating: 5.0 (48 reviews)

Question

Quizplus · Accepted Answer

Household income is calculated by adding modified gross income with any excluded foreign income and tax-exempt interest. This calculation results in a higher income amount than just the modified gross income alone.

Household Income Is Modified Gross Income Increased by Any Excluded