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)

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References in periodicals archive

Thus, the adjustments, up or down, to the valuation allowance for deferred tax assets may far exceed pretax income or loss.

Accounting for income taxes - one more time

The company expects pretax income to fall 34% to JPY240.0 billion.

Canon Quarterly Income Shrinks As Sales Slip, 2019 Sales To Fall

Adjusted pretax income plunged 93.5% to $7.59 million from $117.4 million.

Rite Aid manages to exceed expectations in fiscal '17

What's the aggregate likely misstatement of RST's 1990 pretax income?

Combining prior and current misstatements when evaluating audit findings

In the lender's Domestic Markets - which covers Belgium, France, Italy and Luxembourg - pretax income slipped 7.4% year-on-year to EUR610 million.

TOP NEWS: BNP Paribas Quarterly Profit Up, Driven By Foreign Unit

Says raised full year Retail segment pretax income guidance to a range of $1.525B to $1.675B from a range of $1.45B to $1.61B and lowered benefit ratio to a range of 85.1% to 86% from previous guidance range of 85.2% to 86.2%.

Humana sees FY18 Retail pretax income $1.525B-$1.675B

The Servicing segment earned $88 million GAAP pretax income or $72 million adjusted pretax income (5.8 basis points).

Nationstar Mortgage Holdings Inc. reports GAAP net income of $58m

Adjusted Pretax Income was USD 43.0 million for the nine months ended September 30, 2017 compared with USD 50.4 million for the nine months ended September 30, 2016.

PJT Partners reports Q3 2017 results

With that, pretax income tumbled 37.1% to $14.1 million.

Earnings drop 36.3% at Ingles

With that, pretax income soared 63.2% to $496.7 million from $304.3 million.

AmerisourceBergen posts third quarter profit gains

The company has also provided revenue and pretax income guidance for Q2 2005 and a pretax income guidance for the full year.

Atlas Air reports preliminary results