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 ?
Their preferred method is before-tax income and there are three separate sub-populations (elderly without children, households with children, and non-elderly without children).
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.
Under FERS, an employee may contribute up to 10 percent of before-tax income to the Thrift Savings Plan, or TSP, with the government matching up to 5 percent.
At a 33 percent tax rate, it took $4,500 of before-tax income to produce the $3,000 in the Roth IRA, but only $3,000 to produce a deductible $3,000 in the traditional IRA.
For Arkansans with an annual income of $25,000, that's 5 percent of before-tax income spent on tobacco.
For fiscal year 1995, you see that for every dollar of before-tax income, Salton only paid three cents of taxes, thereby having 97 conts left after paying taxes.
Self-selection constraints are formulated in terms of the variables that the planner can observe: consumption, before-tax income, and work requirements.
Some make mammoth purchases and charge up huge debts while considering only their before-tax income.
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.