gross income
Revenue before deductions
Gross income is the total amount of money earned before any deductions, taxes, or expenses are subtracted.
For individuals, this includes wages, salaries, bonuses, and income from investments or other sources.
For businesses, gross income typically means total revenue minus the cost of goods sold, but before operating expenses and taxes are deducted.
Her gross income looked impressive until she calculated what she actually took home after taxes.
Payment for work
- salaryFixed periodic employment payment
- paycheckCompensation for labor
- compensationPayment for services rendered
- base payCompensation before additions
overtime pay · commission · bonus · tips · stipend · remuneration · payroll · hourly rate
Profits paid to shareholders
- interestAttention, stake, or fee
- capital gainsProfit from asset sales
- royaltiesOngoing payments to creators
- pensionsOngoing payments after employment
annuities · alimony · self-employment · investments · trusts · social security · inheritance · freelance
Conclusions from reasoning
- exemptionsReleases from obligation
- withholdingKeeping from another
- tax bracketTaxable income category
- tax returnIncome declaration to government
IRS · W-2 · 1099 · filing status · standard deduction · itemize · credits · allowances
Business income total
- salesRevenue from goods moved
- turnoverSales volume or attrition
- receiptsTransaction documentation
- proceedsRevenue from a transaction
cash flow · top line · billing · accounts receivable · invoicing · cost of goods sold · net sales
Combined sum total
- year-to-dateAccumulated since January first
- annualOccurring every year
- monthlyOccurring each lunar cycle
- quarterlyFour times annually
wages
Payment for work
- salaryFixed periodic employment payment
- paycheckCompensation for labor
- compensationPayment for services rendered
base pay · overtime pay · commission · bonus · tips · stipend · remuneration · payroll · hourly rate · pay stub
dividends
Profits paid to shareholders
- interestAttention, stake, or fee
- capital gainsProfit from asset sales
- royaltiesOngoing payments to creators
pensions · annuities · alimony · self-employment · investments · trusts · social security · inheritance · freelance · side hustle
deductions
Conclusions from reasoning
- exemptionsReleases from obligation
- withholdingKeeping from another
- tax bracketTaxable income category
tax return · IRS · W-2 · 1099 · filing status · standard deduction · itemize · credits · allowances · pre-tax
revenue
Business income total
proceeds · cash flow · top line · billing · accounts receivable · invoicing · cost of goods sold · net sales
aggregate
Combined sum total
- year-to-dateAccumulated since January first
- annualOccurring every year
- monthlyOccurring each lunar cycle
- income taxtax return, tax brackets, tax rates, tax bracket, tax rate
- Self-Employment TaxesSchedule C, quarterly taxes, estimated taxes, 1099 forms, sole proprietor
- farm accountingexpense tracking, cash flow, balance sheets, profit and loss, accounts payable
- financebank, CFO, banks, controller, finance
- financial termswealth, asset, currency, balance sheet, audit
- money termscash, credit, debt, wages, salary
gross incomenet income
Profit after all deductions
take-home pay · after-tax income · net pay · disposable income · net earnings
gross, income, incoming, engross, engrossed, engrossing, incomes, grossness, grosses