Gross Income

(redirected from Gross earnings)
Also found in: Financial.

Gross Income

The financial gains received by an individual or a business during a fiscal year.

For Income Tax purposes, gross income includes any type of monetary benefit paid to an individual or business, whether it be earned as a result of personal services or business activities or produced by investments and capital assets. The valuation of gross income is the first step in computing whether any federal or state income tax is owed by the recipient.

gross income

n. in calculating income tax, the income of an individual or business from all sources before deducting allowable expenses, which will result in net income. (See: income tax)

References in classic literature ?
And in 1882 there came such a telephone boom that the Bell System was multiplied by two, with more than a million dollars of gross earnings.
has filed a measure mandating the Philippine Amusement and Gaming Corporation (PAGCOR) to allocate 30% of its annual gross earnings for the government's socialized housing projects.
Gross earnings at $17,000 per month, rents $4,500 (new lease required by new tenant/ owner).
Skye Bank's gross earnings also increased to NGN42.
For the fourth quarter of last year, gross earnings increased to BD3.
706 and gross earnings for people aged 22-39 at PS25,706.
The British rapper shared the documents she has received for the case on Twitter saying, the NFL are demanding "50 percent of gross earnings over 500,000 dollars in any year", and "100 percent of gross earnings over 5,000,000 dollars in any year".
Yahoo Inc saw its fourth straight quarter of revenue decline as gross earnings fell 6% in Q4 to $1.
1]250 crore mark, the gross earnings have surpassed the a[sup.
1 million to BD19 million, gross earnings increased by 10 per cent from BD6.
But net earnings probably negative Gross earnings in Cyprus rose on average by 1.
According to provisional data of the annual structure of earnings statistics, in 2011 women's monthly gross earnings were on average 4.