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gross income

Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
Also called gross revenue. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for gross income
  • Conclusion: gross income unchanged, expenses highly increased, net income obviously highly diminished.
  • In many cases, every penny of mortgage interest can be deducted from gross income, effectively reducing the cost of the loan.
  • The new program sets monthly payments based on adjusted gross income and family size.
  • If what you're arguing for is a simpler tax code with fewer deductions to gross income, then fine.
  • gross income does not include any adjustments or deductions.
  • Resident and nonresident aliens are allowed exclusions from gross income if they meet certain conditions.
  • gross income should be reported with the allowable business deductions claimed.
  • gross income means a household's total, non-excluded income, before any deductions have been made.

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