gross income

American  

noun

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

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Compare meaning

How does gross-income compare to similar and commonly confused words? Explore the most common comparisons:

• gross income vs. net income
• gross income vs. gross profit

Example Sentences

The parents’ mortgage payment in 1982, even at 14%, was roughly $570 a month, about 20% of their gross income.

From MarketWatch

Their daughter’s mortgage payment could be $6,400 a month at current rates, or 25% of gross income — not including the property taxes that didn’t exist at these levels in 1982.

From MarketWatch

That can increase your modified adjusted gross income and impact your Medicare premiums.

From MarketWatch

Taxpayers with adjusted gross income of $500,000 provided 57% of itemized charitable giving in 2022, while those with income of $1 million or more accounted for about 48%, the report said.

From Barron's

Crucially, this tax-advantaged strategy satisfies your required minimum distributions without increasing your adjusted gross income.

From MarketWatch