gross income

Definition of "gross income"
  1. The total amount that an individual or a business earns from all sources, before any reductions due to adjustments, exemptions, or deductions as permitted by tax law
How to use "gross income" in a sentence
  1. Her gross income for the year, prior to any deductions, significantly exceeds the national average.
  2. With all his business ventures, his gross income for the previous fiscal year has sky-rocketed.
  3. Considering the total sales minus the cost of goods sold resulted in a higher gross income for the company.

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