gross income Definition

gross income

Definition

Pre-tax net sales minus cost of sales. also called gross profit.

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Related Terms

Adjusted Gross Income - More

net income - More

residential rental property

tax-deductible

Related Terms on BusinessDictionary

added value
contribution pricing
gross spread
operating expenses to gross income ratio
operating expenses to gross margin ratio
tax benefit rule
gross margin

net return
disposable income
exclusion
value added
exemption
operating income
taxable income

Popular 'Accounting' Terms

current ratio
equity
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revenue
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gross income is ...

... part of the Accounting subject.

Nearby Terms

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gross capitalized cost
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gross earnings
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gross income
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gross margin
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