gross income

noun

1. Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.

Example Sentences

The expanded portion of the credit begins to phase out at a modified adjusted gross income above $75,000 for singles and married people filing separately, $112,500 for heads of household and $150,000 for couples.

From Washington Post

In 2014, their adjusted gross income was almost a million dollars.

From ProPublica

In the other two years in which they paid little or no federal income taxes, they reported adjusted gross income of about a million dollars each year.

From ProPublica

To arrive at the effective income tax rate, we divided the total income tax by the adjusted gross income, over a five-year period.

From ProPublica

The rule allows entrepreneurs without employees to calculate their loan eligibility using gross income rather than net income, making the loans far more generous, especially for businesses with little or no profit.

From Quartz