The term "income" is not defined in the statute or regulations. An early ... The Court also held that the amount of gross income on ...
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 profit" ...
Your gross income is the amount of money you earn before anything is taken out for taxes or other deductions. Learn more about gross income at Quicken.
Gross income definition, Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. See more.
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 ...
Jan 27, 2017 ... Gross income for a business is defined and calculated, compared to other income terms, and used in financial analysis.
Gross Income Defined. 26 CFR § 1.61-2: Compensation for services, including fees, commissions, and similar items. (Also: ). Rev. Rul. 2007-19. PURPOSE.