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English definition of “AGI”

AGI

noun [U]
 
 
ACCOUNTING, TAX
abbreviation for adjusted gross income: in the US, the amount of someone's income that can be taxed. To calculate AGI, add the income from a person's salary, investments, etc. and then reduce this amount by deductions (= costs, for example, for medical care or loan interest).
(Definition of AGI from the Cambridge Business English Dictionary © Cambridge University Press)
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