Adjusted Gross Income (AGI)An interim calculation in the computation of income tax liability. It is computed by subtracting certain allowable adjustments from gross income.
After-Tax ReturnThe return from an investment after the effects of taxes have been taken into account.
AuditThe examination of the accounting and financial documents of a firm by an objective professional. The audit is done to determine the records' accuracy, consistency, and conformity to legal and accounting principles.
