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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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