gross income
total income before taxes and other deductions are taken out | ||||
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Gross income definition was found in categories: Business & Finance(3) Law(1) Social Science(1) Encyclopedia(1)
Gross income Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
| Raynet Business & Marketing Glossary |
Gross income
pre-tax net sales minus cost of sales; also called gross profit. Income before expenses.
pre-tax net sales minus cost of sales; also called gross profit. Income before expenses.
| Dictionary of Real Estate Terms |
GROSS INCOME
Income before expenses.
Income before expenses.
Gross income Definition from Law Dictionaries & Glossaries
| The 'Lectric Law Library |
Gross Income
includes the following: (1) Compensation for services, including fees, commissions and similar items; (2) Gross income derived from business; (3) Gains derived from dealing in property; (4) Interest; (5) Rents; (6) Royalties; (7) Dividends; (8) Alimony and separate maintenance payments; (9) Annuities; (10) Income from life insurance and endowment contracts; (11) Pensions; (12) Income from discharge of indebtedness; (13) Distributive share of partnership gross income; (14) Income in respect of a decedent; and (15) Income from an interest in an estate or trust.
includes the following: (1) Compensation for services, including fees, commissions and similar items; (2) Gross income derived from business; (3) Gains derived from dealing in property; (4) Interest; (5) Rents; (6) Royalties; (7) Dividends; (8) Alimony and separate maintenance payments; (9) Annuities; (10) Income from life insurance and endowment contracts; (11) Pensions; (12) Income from discharge of indebtedness; (13) Distributive share of partnership gross income; (14) Income in respect of a decedent; and (15) Income from an interest in an estate or trust.
| Peterson's Glossary of Financial Aid Terms |
GROSS INCOME
A family's or individual's total income before deductions.
A family's or individual's total income before deductions.
Gross income Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Gross income
Gross income is commonly defined as the amount of a company's or a person's income before all deductions or any taxpayer’s income, except that which is specifically excluded by the Internal Revenue Code, before taking deductions or taxes into account. For a business, this amount is pre-tax net sales less cost of sales. "Gross income" in accordance to the IRS, is defined in the Internal Revenue Code 61. There are exceptions to this definition under Sections 101-140 of the Internal Revenue Code. Each of these sections excludes a particular type of inflow if it meets the criteria stated.
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