Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

To calculate your debt-to-income ratio, add up your monthly debt payments and divide this figure by your gross monthly income. While every lender and product will have different ranges, a DTI of 50 ...

Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

Question: I keep seeing references to modified adjusted gross income in stories about federal income tax breaks. What is modified adjusted gross income? Joy Taylor: The IRS and other federal agencies ...