2. A company's revenue minus cost of goods sold. Also called "gross margin" and "gross profit".
1. Your gross income is how much you make before taxes. It is the figure people are looking for when they ask how much you gross a month.
2. This is an important number when analyzing a company, it indicates how efficiently management uses labor and supplies in the production process. Keep in mind that gross income varies significantly from industry to industry.
Investment dictionary. Academic. 2012.
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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… … Wikipedia
gross income — n: all income derived from any source except for items specifically excluded by law ◇ Section 61 of the Internal Revenue Code lists fifteen nonexclusive items that should be included in gross income. They are (1) compensation for services,… … Law dictionary
Gross-Income — (englisch für Bruttoeinkommen) bezeichnet bei Werbeagenturen den Netto Honorarumsatz (Bruttoumsatz = Gross Billings) und setzt sich aus Honoraren und Provisionen zusammen. Honorare werden vom Kunden der Agentur bezahlt und entlohnen die die… … Deutsch Wikipedia
Gross Income — (englisch für Bruttoeinkommen) bezeichnet bei Werbeagenturen den Netto Honorarumsatz (Bruttoumsatz = Gross Billings) und setzt sich aus Honoraren und Provisionen zusammen. Honorare werden vom Kunden der Agentur bezahlt und entlohnen die die… … Deutsch Wikipedia
gross income — Under I.R.C. Section 61(a) gross income means all income from whatever source derived, including (but not limited to) the following items: (1) Compensation for services, including fees, commissions, and similar items; (2) Gross income derived… … Black's law dictionary
gross income — A person s total income prior to exclusions and deductions. Bloomberg Financial Dictionary * * * gross income gross income ➔ income * * * gross income UK US noun [U] FINANCE, TAX, ACCOUNTING ► the total amount of a person’s or organization’s… … Financial and business terms
gross income — The whole or entire profit arising from a business or pursuit. Braun s Appeal, 105 Pa 414, 415. For income tax purposes: the total income of the taxpayer; the income from all sources without deductions or allowance for exemptions; the total of… … Ballentine's law dictionary
gross income — noun 1. : the total of all revenue or receipts usually for a given period except receipts or returns of capital 2. : all income derived from any source except for items specifically excluded by law and deductions of certain outlays (as cost of… … Useful english dictionary
gross income — Total sales revenues less *costs of goods (or services) sold. Nonproduction *overheads (such as administration and distribution costs) are excluded from the calculation of gross income. Contrast *net income … Auditor's dictionary
gross income — Synonyms and related words: avails, base pay, box office, commissions, compensation, credit, credits, dismissal wage, disposable income, dividend, dividends, earned income, earnings, escalator clause, escalator plan, financial remuneration, gains … Moby Thesaurus