gross income

noun

1. Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.

Example Sentences

Furthermore, medical expenses must exceed 7.5% of your adjusted gross income to be deductible, notes Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting.

From Los Angeles Times

For instance, a family of four would qualify with a total annual gross income of $48,400 or less.

From Los Angeles Times

Mr. Biden’s earnings proved more modest than the early hype had suggested: He reported $130,984 in gross income from art sales during the first two tax years that he was represented by the gallery, according to his tax returns from those years.

From New York Times

Their federal gross income in 2023 was nearly 7 percent higher than the $580,000 they reported in 2022, largely a result of increased taxable interest income this year stemming from higher interest rates.

From New York Times

Students and parents should check the rules for dependent filing and determine if the student is required to file their own return based on their gross income, says Kathy Pickering, chief tax officer at H&R Block.

From Seattle Times