fill in the blanks so that the resulting statement is true. your taxable income is your income minus your…

fill in the blanks so that the resulting statement is true. your taxable income is your income minus your adjusted gross net gross

fill in the blanks so that the resulting statement is true. your taxable income is your income minus your adjusted gross net gross

Answer

Brief Explanations:

Taxable income is calculated by taking the adjusted - gross income and subtracting allowable deductions. Adjusted gross income is a key figure in tax calculations, and deductions reduce the amount of income subject to tax.

Answer:

adjusted gross; deductions (Note: the second blank options are not fully shown in the image, but deductions are what are subtracted from adjusted - gross income to get taxable income. If there are deduction - related options among the dropdowns for the second blank, that would be the correct choice).