Gross Income
1. An individual's total personal income before taking taxes or deductions into account.
2. A company's revenue minus cost of goods sold. Also called "gross margin" and "gross profit". Investopedia Says:
1. Your gross income is how much you make before taxes. It is the figure people are looking for when they ask how much you gross a month.
2. This is an important number when analyzing a company, it indicates how efficiently management uses labor and supplies in the production process. Keep in mind that gross income varies significantly from industry to industry. Related Terms:
Adjusted Gross Income - AGI
Cost of Goods Sold
Gross Earnings
Gross Margin
Income
Net Income - NI
Operating Income
Revenue
Taxable Income |