taxes
gross income
Total income before any deductions, taxes, or expenses are subtracted.
Example
"Her gross income was $80,000 but after taxes her take-home pay was $58,000."
💡 Memory Tip
GROSS = total/whole. Gross income is the WHOLE amount before anything is taken out.
Etymology
Gross (total, without deductions) + income — income before anything is taken out.
Common Misspellings
grosse incomegross incomgroos incomegross incme
Related Terms
See Also
taxable incomededuction