- *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. 2014.
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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 — 1. An individual s total personal income before taking taxes or deductions into account. 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… … Investment dictionary
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 — 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