gross income

(redirected from Before-Tax Income)
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Gross income

A person's total income prior to exclusions and deductions.

Gross Income

An individual or company's income before taxes and deductions. For individual income, it is calculated as the individual's wages or salary, investment and asset appreciation, and the amount made from any other source of income. In a company, it is calculated as revenues minus expenses. An individual's gross income is important to determining eligibility for certain social programs, while a company's gross income is one measure among many of how well it uses its resources to produce a profit. See also: Adjusted gross income.

gross income

1. For a business, its total revenues exclusive of any expenses.
2. For an individual, all income except as specifically exempted by the Internal Revenue Code. For example, an inheritance is specifically excluded from gross income.

gross income

The total revenue of a business or individual before deduction for expenses, allowances,depreciation,or other adjustments.

Gross Income

Total worldwide income received in the form of money, property, or services that is subject to tax unless specifically exempt or excluded by law.
References in periodicals archive ?
Figure 1 displays the 2003-2011 values of before-tax income at the 10th percentile, median, mean, and 90th percentile for the CE's imputed income variable and our imputed income variable.
We take their before-tax incomes from the SCF and apply the existing federal and Ontario provincial tax codes in order to compute their personal income tax payments.
The tax deferral advantage of saving in a 401(k) plan, usually supplemented by employer add-on contributions, encourages households to divert a larger share of before-tax income into these plans than they otherwise would.
other components of before-tax income, taken together, have risen less rapidly than they did in 1995.
The minimum amount that most people should be saving is 10% of before-tax income.
By definition, Y = Z - T(Z), where Z is the before-tax income and T denotes tax payment, which is a function of Z.
The, income variable represents before-tax income for 1990.
It should be noted that excluding the non-cash charge related to the impairment of oil and gas properties, the company would have generated before-tax income from operations for 2008 of $40.
Because before-tax income has decreased on average for people age 75 plus, while spending for mortgage interest, property taxes, utilities, and health care have increased, their economic situation is worsening.
This forecasted income statement clearly indicates that Data Flow is expected to be profitable with anticipated before-tax income of $67,500 for the first three months of 2001.
4) Complete income reporters are ranked in ascending order, according to the level of total before-tax income reported by the household.