Definition, Meaning & Synonyms
gross income
noun
/ɡroʊs ˈɪnkʌm/
Definition
The total earnings or income received by an individual or business before any deductions or taxes.
Examples
- Her gross income last year was $50,000 before any deductions.
- The company’s gross income increased significantly due to higher sales volume.
- When applying for a mortgage, lenders will often consider your gross income.
Meaning
Gross income includes all forms of income, such as wages, dividends, capital gains, and any other earnings, without accounting for taxes, expenses, or any subtractions.
Synonyms
- total income
- overall earnings
- gross revenue
