gross income

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noun

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

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Also called gross revenue.

Words nearby gross income

Grosse Pointe Park, Grosse Pointe Woods, grosser, Grosseteste, Grossglockner, gross income, grossly, gross national product, gross one out, gross-out, gross profit

How to use gross income in a sentence

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.
FAQ: What you need to know about the child tax credit payments starting in July|Michelle Singletary|June 25, 2021|Washington Post
In 2014, their adjusted gross income was almost a million dollars.
Leading Manhattan DA Candidate Has Repeatedly Paid Virtually No Federal Income Taxes|by Robert Faturechi and Jeff Ernsthausen|June 16, 2021|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.
Leading Manhattan DA Candidate Has Repeatedly Paid Virtually No Federal Income Taxes|by Robert Faturechi and Jeff Ernsthausen|June 16, 2021|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.
You May Be Paying a Higher Tax Rate Than a Billionaire|by Paul Kiel, Jeff Ernsthausen and Jesse Eisinger|June 8, 2021|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.
Sole proprietors, contractors, and freelancers now qualify for bigger PPP loans|Walter Frick|March 4, 2021|Quartz
Since then, the rising gap between the rich and middle- and lower-income families has risen to the fore.
Christie Blames Parents for Bad Economy|Monica Potts|January 3, 2015|DAILY BEAST
For the Brogpas, transforming into a tourist attraction may offer their community a way to generate much-needed income.
The Himalayas’ Hidden Aryans|Nina Strochlic|January 3, 2015|DAILY BEAST
“My dance instructor always says she earns most of her income from private teaching,” says Monir.
Iran’s Becoming a Footloose Nation as Dance Lessons Spread|IranWire|January 2, 2015|DAILY BEAST
I ask Atefeh and Monir if they see dancing as a form of income in the future, a potential career.
Iran’s Becoming a Footloose Nation as Dance Lessons Spread|IranWire|January 2, 2015|DAILY BEAST
The former provides entrepreneurial training and educational programs for youths from low-income urban areas around the world.
Streetwear pioneer, visionary entrepreneur, and community mentor Daymond John is honored with Hennessy Privilege Award|Hennessy|January 1, 2015|DAILY BEAST
Life is represented as struggling to free herself from the gross earthly forms that cling to her.
Women in the fine arts, from the Seventh Century B.C. to the Twentieth Century A.D.|Clara Erskine Clement
Government grants amount to about two-thirds of the income, the balance being raised by public subscription and from fees.
Showell's Dictionary of Birmingham|Thomas T. Harman and Walter Showell
Oh, but surely if we have to call ourselves Wurzel-Flummery it would count as earned income.
First Plays|A. A. Milne
They are raised on the strictest scientific principles and yield me the greater part of my income.
Ancestors|Gertrude Atherton
Nine-tenths of those who have a competence know what income they have, and are careful not to spend more.
Glances at Europe|Horace Greeley