gross income

(redirected from Pre-Tax Income)
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Gross income

A person's total income prior to exclusions and deductions.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.

gross income

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.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
Non-GAAP pre-tax income of $43,000, compared with $5.9 million.
Transportation second-quarter adjusted pre-tax income of $245 million was $42 million higher than the first quarter, primarily due to higher pipeline and terminal volumes at both wholly owned and joint venture operations.
Millions of Dollars Pre-Tax Income Q2 2019 Q1 2019 Olefins and Polyolefins $ 260 219 Specialties, Aromatics and Styrenics 34 26 Other (19) (18) Chemicals $ 275 227 Millions of Dollars Adjusted Pre-Tax Income Q2 2019 Q1 2019 Olefins and Polyolefins 260 219 Specialties, Aromatics and Styrenics 34 26 Other (19) (18) Chemicals 275 227 The Chemicals segment reflects Phillips 66's equity investment in Chevron Phillips Chemical Company LLC (CPChem).
Pre-tax income to June 30, 2019 totalled USD1.8m, an improvement of USD490,256 over the June 30, 2018.
While adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth,according to the report, allowing the airline to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin.
Excluding the accounting change, pre-tax income jumped by 8 percent for the period compared to the 2017 first quarter.
Reported: Core pre-tax income of CHF 685 million, net income attributable to shareholders of CHF 454 million and return on equity of 4 per cent
The allowable pre-tax income of P1.8 billion is based on 12 percent of the capital stock plus allowable-after-tax income from 2003 to 2010, minus the dividends paid during the period amounting to P15.05 billion, while the pre-tax of P21.8 billion actually earned by Meralco is based on its pre-tax income of P18.7 billion as shown on its financial statements plus the COA (Commision on Audit)-disallowed expenses of P3.1 billion (average for two test years).
During the first quarter of 2011 pre-tax income reached CHF2.2bn, net income was CHF1.6bn, on net revenue of CHF 8.4bn and return on equity of 18.8 percent.
The report also pointed out that even if families have access to health coverage through job-based plans or the market, they are "still at great financial risk." In 2009, for example, nearly one in four non-elderly Americans with insurance will spend more than 10 percent of their pre-tax income on health care.
McKenzie-Willamette Medical Center had net revenues of $83.3 million and pre-tax income of $4.4 million in 2006, according to newly released financial documents.
If a 401(k) is offered at your job, enroll in it and invest as much as you can, saving a percentage of your pre-tax income each pay period--up to $15,000 for 2006.