gross income
noun [U] FINANCE, TAX, ACCOUNTINGDefinition
› the total amount of a person’s or organization’s income in a particular period before tax is paid on it: The new legislation stipulates that the first 25% of gross income from oil sales must go to the state. The house is rented out and brings in a gross income each month of $1,300.
(Definition of gross income noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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