gross income Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “gross income” in the English Dictionary

"gross income" in Business English

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gross incomenoun [U]

uk   us   FINANCE, TAX, ACCOUNTING
the ​totalamount of a person’s or organization’s ​income in a particular ​period before ​tax is ​paid on it: The new ​legislationstipulates that the first 25% of ​grossincome from ​oilsales must go to the ​state. The ​house is ​rented out and ​brings in a ​grossincome each month of $1,300.
(Definition of gross income from the Cambridge Business English Dictionary © Cambridge University Press)
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