gross income(redirected from Gross Annual Income)
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
The total revenue of a business or individual before deduction for expenses, allowances,depreciation,or other adjustments.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Total worldwide income received in the form of money, property, or services that is subject to tax unless specifically exempt or excluded by law.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary