Gross Income

Pronunciation: /ɡroʊs ˈɪnkʌm/

Definitions of gross income

noun the total amount of money made in a specific period of time

Example Sentences

A1 My gross income is the total amount of money I earn before taxes are taken out.

A2 She calculated her gross income by adding up all her wages and bonuses.

B1 It is important to report your gross income accurately on your tax return.

B2 The company's gross income for the year exceeded expectations.

C1 Understanding the difference between net and gross income is essential for financial planning.

C2 The accountant analyzed the company's gross income to determine its financial health.

Examples of gross income in a Sentence

formal The gross income of the company was calculated before deducting any expenses.

informal I heard that Bob's gross income is pretty high, even after taxes.

slang That side hustle is bringing in some serious gross income, dude.

figurative Her dedication to her craft resulted in a gross income of respect from her peers.

Grammatical Forms of gross income

• plural: gross incomes
• comparative: more gross income
• superlative: most gross income
• present tense: earns gross income
• future tense: will earn gross income
• perfect tense: has earned gross income
• continuous tense: is earning gross income
• singular: gross income
• positive degree: gross income
• infinitive: to earn gross income
• gerund: earning gross income
• participle: earned gross income

Origin and Evolution of gross income

First Known Use: 1601 year

Language of Origin: Latin

Story behind the word: The term 'gross income' originated from the Latin word 'grossus' meaning thick or coarse, which later evolved to mean total or whole.

Evolution of the word: Originally used in accounting to refer to total income before deductions, the term 'gross income' has evolved to become a standard term in finance and taxation to denote total income before any deductions or expenses.