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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 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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