gross income
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.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
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 PostIn 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 | ProPublicaIn 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 | ProPublicaTo 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 | ProPublicaThe 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
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