gross income

/ˌɡroʊs ˈɪnkʌm/

noun

  1. the total amount of money a person or business earns before taxes and other deductions are taken out

    B2

    uncountablecommon in finance and tax contexts

    • "Her gross income is $50,000 a year."A2
    • "The form asks for your gross income before taxes."B1
    • "After taxes, his net income is much lower than his gross income."B2

  2. the total money a business receives from sales after subtracting the cost of goods sold, but before other expenses

    C1

    uncountablebusiness/finance

    • "The company reported gross income of $2 million."B2
    • "Gross income increased, but operating costs reduced net profit."C1
    • "The auditor distinguished between gross income and net income in the quarterly report."C2

Common mistakes

  • gross income after tax→net income after tax

    Gross income is before tax; income after tax is net income.

Collocations

adjusted gross incomeannual gross incomegross monthly incomegross income before taxesreport gross income