gross income

(redirected from Before-Tax Incomes)
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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 ?
13) These numbers are meant to be realistic: in 1998, a single taxpayer with before-tax income of $30,000 would have paid $6,124 in income tax if she had had only the basic personal amount credit and had paid provincial tax equal to half of basic federal tax.
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.
Fifty-five percent of the women in the ACSUS sample had before-tax incomes of less than $5,000 in 1990, and only 1 percent had before-tax incomes greater than $40,000.
Meanwhile, families in America's poorest fifth-ones that watched their before-tax incomes fall by 5.