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Gross
(redirected from grossing up)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
Gross
The amount before any subtractions are made. For example, the amount that a person earns from an employer represents his gross income. He then subtracts his tax liability and other deductions to arrive at his net income.


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on the taxpayer's most recently audited financial statements, certified before July 1, 2003; or (3) in the case of an applicable financial statement that fails to show a specific earnings amount, but does show a specific tax liability attributable to such earnings, the amount of such earnings determined by grossing up the tax liability at a 35% rate (Sec.
 
 
 
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