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gross income
noun
Accounting.total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
Example Sentences
This surcharge starts once modified adjusted gross income exceeds certain amounts, which in 2025 is $106,000 for single filers and $212,000 for married couples filing jointly.
Taxes on Social Security are based on something called “combined income,” which is your adjusted gross income plus any nontaxable interest you earned plus half of your Social Security income.
According to state law, elected officials must disclose each source of gross income of $500 or more received in the 12 months before taking office.
Will the withdrawals from the second account affect my gross income and ability to collect our monthly Social Security benefit?
Cannabis businesses also pay far higher tax bills than most other companies because of a section of the federal tax code that prevents companies from taking typical business deductions from gross income associated with selling Schedule I or II substances.
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