Topic: Definition of Gross Income
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Which of these is the best definition of gross income?
the amount of money you actually earn during a given pay period... Read More »
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What is the best definition of gross income?
the amount of money you actually earn during a given pay period Read More »
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What is the definition of 'gross income'?
Gross income is the total income before taxes and other deductions are taken... Read More »
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Definition of Gross Income
(n.) Total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
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Answers to Other Common Questions
Gross income is a term used to refer to the money that was earned before taxes were taken out. Gross income is more than the salary brought home, because it does not include taxes or other fees.
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Gross monthly income is your income before taxes. This will be the gross payment amount on your paycheck. The amount after taxes is called net income.
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Adjusted Gross Income, or AGI is a figured used by the IRS to figure an individual's eligibility for tax benefits. It is basically determined by adding up all income, then subtracting all eligible deductions.
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Gross annual income is the total income received in one year from all sources before any deductions, taxes, adjustments, or other considerations are deducted resulting in the net income.
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The gross nation income is the value of everything produced within the country added to whatever is gets from other countries after you subtract what it sends to other countries. For more information look here: http://en.wikipedia.org/wiki/...
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Gross wages are the money you earn based on your hourly or salary pay, before any taxes or other deductions have been taken out. If you make $10/hr and work for 40 hours, then your gross wages would be $400.
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