Definition
Gross income is total income earned before taxes and deductions.
Why It Matters
It is used to calculate taxes and eligibility for programs.
Example
Total salary before payroll taxes.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Gross income is total income earned before taxes and deductions.
It is used to calculate taxes and eligibility for programs.
Total salary before payroll taxes.