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gross
(redirected from Gross income)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
gross
a unit of quantity equal to 12 dozen


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Since 1918, the Internal Revenue Code has excluded from gross income any damages recovered because of personal injury or sickness.
Untangling taxes from personal injury damages by Moxon, Shea / Florida Bar Journal
In their joint return, the president and his wife declared an adjusted gross income of 2,656,902 dollars and paid 855,323 dollars in federal income tax, as well as 77,883 dollars in Illinois state income taxes.
Obamas made 2.65 million dollars in 2008 by AFP / AFP American Edition
The IRS said in a coordinated issue paper that a location tax incentive paid or credited to a business by a unit of state or local government is not included in the business's gross income but rather reduces its tax expense.
Location tax incentive not federal taxable income by Elzweig, Brian; Chambers, Valrie / Journal of Accountancy
 
 
 
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