gross

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Related to Gross income: cash flow, Taxable income, Debt To Income Ratio

gross

a unit of quantity equal to 12 dozen
References in periodicals archive ?
When Schleier filed his tax return, he included as gross income the backpay portion of his settlement, but excluded the portion attributable to liquidated damages.
Once a deduction has been allocated to a class of gross income, it is necessary to apportion the deduction within the class of gross income to the statutory grouping (or to several statutory groupings) and to the residual grouping of gross income.
We believe this result would be improper where virtually all of the CFC's gross income arises from active business activities.
The IRS issued a deficiency notice disallowing all deductions reported on the untimely filed tax returns and assessing tax on Swallow's gross income.
Except as provided in paragraph (e)(12)(vi) (6), the taxpayer shall allocate a deduction for a charitable contribution solely to foreign source gross income if the taxpayer, at the time of the contribution, knows or has reason to know that --
However, the OCC cautioned that if an individual received gambling winnings despite being a VEP participant, the amount he or she received would be included in gross income.
Only the net amount of damages received from qualified settlement funds is included in gross income.
Participants must pay interest, computed at the IRS underpayment rate plus 1 percentage point, and must also pay an additional tax equal to 20 percent of the amount required to be included in gross income.
But if he gets property and follows the aforementioned tax planning strategies, these things will lower his adjusted gross income.
9 billion of adjusted gross income, the board reported Thursday.
5 percent of your adjusted gross income from your medical expenses to figure your allowable medical expense deduction.