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gross income
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gross income


Gross income is good, but overhead is too high.
  for a business:  all income less any cost of goods sold

for an individual:  all income before taxes
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gross profit gross income gross revenue gross earnings
Strongly Associated with:   net income
Notes:
Note that the Internal Revenue Service’s exact definition of gross income may be more specific depending upon circumstances, legislation and tax instructions.
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Samples:
  • Gross income is good, but overhead is too high.
  • You’re to receive a big cut of the Atlantic Southern’s gross income, out of the common pool at the end of the year-only there won’t be any gross income left for the pool to seize, will there?
    Ayn Rand  --  Atlas Shrugged
  • His gross income had doubled.
    Pat Frank  --  Alas, Babylon
  • She frowned over gross income.
    J.D. Robb  --  Naked in Death

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  • But to avoid the waste and danger of dog-eat-dog competition, all the companies will deposit their gross earnings into a common pool, to be known as the Steel Unification Pool, in charge of a special Board.
    Ayn Rand  --  Atlas Shrugged
  • You’re to receive a big cut of the Atlantic Southern’s gross income, out of the common pool at the end of the year-only there won’t be any gross income left for the pool to seize, will there?
    Ayn Rand  --  Atlas Shrugged
  • All of their gross revenue is turned over to the Railroad Pool Board in Washington, which acts as trustee for the industry as a whole, and divides the total income among the various railroads, according to a . a more modern principle of distribution.
    Ayn Rand  --  Atlas Shrugged
  • The afternoon newspaper was lying on his deskand she was staring at an item on the back page: An Emergency State Tax had been passed in California for the relief of the state’s unemployed, in the amount of fifty per cent of any local corporation’s gross income ahead of other taxes; the California oil companies had gone out of business.
    Ayn Rand  --  Atlas Shrugged
  • At the end of the year, the Pool Board distributes the total gross income, and every individual railroad is paid, not on the haphazard, old-fashioned basis of the number of trains run or the tonnage of freight carried, but on the basis of its need-that is, the preservation of its track being its main need, every individual railroad is paid according to the mileage of the track which it owns and maintains.
    Ayn Rand  --  Atlas Shrugged
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Associated words [difficulty]:   gross income [8] , net income [8] , net income [8]
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Most commonly used in these subjects:   Business, Personal Finance, Law
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