Gross Income

(redirected from Pre-Tax Income)
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 periodicals archive ?
5 billion (after-tax), annual pre-tax income of $18.
Pre-tax income of USD303 million in the fourth quarter.
The company reported core pre-tax income of USD 467m in 3Q14, compared to core pre-tax income of USD 400m in 2Q14 and USD 269m in the comparable prior year period.
Credit Suisse Group 3Q13 results reported a core pre-tax income of CHF 930 million, net income attributable to shareholders of CHF 698 million and return on equity of seven per cent
During the first quarter of 2011 pre-tax income reached CHF2.
Mark P Frissora, the company chairman and chief executive officer, said 'In the third quarter, we increased adjusted pre-tax income year-over-year for the fifth consecutive quarter and doubled GAAP pre-tax income compared with the third quarter of 2009.
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.
NORDIC BUSINESS REPORT-13 October 2005-Stolt Offshore SA posts 9-month pre-tax income of USD88.
6 million of pre-tax income over the next twelve months without the benefit of our expansion plans.
According to Masco, first quarter 2004 and 2003 results include pre-tax income of $21 million and $13 million respectively, related to adjustments of the Behr litigation accrual.
In the 2002 third quarter, pre-tax income in the restaurant segment was $10.
As a result, the effective income tax burden, including federal income taxes, is 9-11% on pre-tax income.