Gross income in United States income tax law is generally receipts and gains
from all sources. ... The term "income" is not defined in the statute or regulations.
1. An individual's total personal income, before accounting for taxes or
deductions. 2. A company's revenue minus cost of goods sold. Also called "gross
Gross income definition, Accounting. total revenue received before any
deductions or allowances, as for rent, cost of goods sold, taxes, etc. See more.
Gross monthly income is simply the total amount one is paid per month without
any deductions for taxes and benefits. To calculate, simply multiply the hours ...
Jul 28, 2013 ... The concepts of gross and net income have different meanings, depending on
whether you are discussing a business or a wage earner.
Definition of gross income: The amount by which sales revenue exceeds
production costs (cost of sales). Though operating income gives a more accurate
Definition of gross salary: Aggregate amount of wages received on a regular
basis, usually weekly, bi-weekly, or monthly prior to any deductions such a
Definition of gross income in the Financial Dictionary - by Free online English
dictionary and encyclopedia. What is gross income? Meaning of gross income as
(a) General definitionExcept as otherwise provided in this subtitle, gross income
means all income from whatever source derived, including (but not limited to) ...
When you prepare an income statement for your business, you must calculate
both gross and net figures. Doing so allows you to gauge the viability of your ...