Gross income for all non-farm businesses and professions is defined as all monies received from the sale of goods or for services rendered, as well as the amount of net inventory increase. It does not include proceeds from the sale of capital items such as land, buildings, and machinery. For farms, it is defined as all monies received from the sale of farm products, government subsidies on crops and soil conservation, and income from rental of equipment. It does not include the value of any farm products (such as food and fuel) used by the family or proceeds from the sale of land, buildings, or machinery.

Your income before any deductions have been made, particularly tax.

Income from whatever source before any deductions

GI - Income from all sources for corporations or individuals (17.1).

The total value of a farm activity, i.e. during a production period (usually 1 year) whether the product is sold, consumed or stored.

The total income, both cash and non-cash, received from an enterprise or business, before any expenses are paid (plus or minus changes in inventory).

The annual income from a property, fully occupied and before any deductions.

income in hand before adjustments or deductions for expenses, such as taxes, depreciation or operating expenses; top line of a financial or income statement as opposed to the bottom line. Gross income is top line income. definition of gross defined definition of gross income defined

Includes, but is not limited to income from salaries, wages, commissions, bonuses, dividends, severance pay, pensions, interest, trust income, annuities, capital gains, Social Security benefits, workers' compensation benefits, unemployment insurance benefits, disability insurance benefits, Supplemental Security Income (SSI), gifts, prizes, and alimony or maintenance received. This does not include income from K-TAP benefits and food stamps.

Total income from an activity, before deduction of (1) items that may be treated as expenses (such as intangible drilling costs), and (2) allowed tax items (such as depletion allowance, depreciation allowance, etc.).

Pre-tax net sales minus cost of sales. also called gross profit. see also adjusted gross income, net income.

Income from a person or company, before tax, superannuation, or payroll deductions

Your total earnings before federal taxes and adjustments are deducted.

Your total income before tax and expenditures.

the forecast of the yearly income made from the management of property or from a business operation.Through foreclosed real estate property, an investor can make the gross income in several ways -- by managing and renting property or by selling multiple properties for yearly profits.

The value of total output (not of any purchases of products produced) over a specified period (usually one year) whether the output is sold or not and including inventory changes. May be calculated on a plot, activity, enterprise or farm basis. See gross farm income and livestock gross income.

As used in the Income Approach -- the cumulative income that a property generates. Gross income is used in gross income capitalization procedures, operating income statements, and gross rent multipliers.

Total compensation before any deductions like Social Security or state taxes.

(See: before-tax earnings.)

In general all income received. However, for the purposes of the dependency test, only taxable income is considered.

(See potential gross income)

Any income that might be subject to tax.

Total income prior to any deductions.

See Annual (Gross) Income.

The amount of money you earn before it is reduced by federal and state taxes, FICA, and any other automatic payouts.

The total income (often shown annually) before any deductions are made e.g. taxes, pension etc.

The total of all a taxpayer's income (before any adjustments, deductions, and/or exemptions) that is subject to federal taxes; it includes active, portfolio and passive income.

A borrower's complete monthly or annual income, before taxes or anything else is deducted.

Total contract salary; income BEFORE deductions.

Total income before any debts are deducted.

A family's or individual's total income before deductions.

Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships. It does not include welfare benefits and nontaxable Social Security benefits.

For federal income tax purposes, all receipts of income (minus cost of goods sold for businesses), except items (such as pension benefits accrued but not yet paid) exempted from gross income by specific statutory provision. Go to Top

The total amount of revenues before any expenses have been deducted.

The total money derived from an operating property over a given period of time.

Dividends and interest paid out to you before income tax has been deducted.

Pertaining to federal income taxation, the starting point in calculating income taxes payable, including all income from whatever source minus certain items of income the IRC specifically excludes.

Income such as commissions, salaries, royalties, wages, bonuses, rents, dividends, pensions, interest, trust income, annuities, worker's compensation benefits, unemployment insurance benefits, disability benefits and spousal support received from a person not a party to the action are all considered part of gross income. Gross income also includes gross receipts from a business, less business expenditures and employer benefits. Gross income does not include child support payments actually received, or any public assistance based on need.

All taxable income received, including wages, tips, salaries, interest, dividends, unemployment compensation, alimony and others

A person's earnings before deductions are made for social security contributions.

The full amount of money earned i.e. before any deductions.

The amount earned through employment or investment before taking taxes or other deductions into consideration. This amount may or may not be the same as gross income for purpose of mortgage lending.

all the taxable income received during the year, including wages, tips, salaries, interest, dividends, alimony, and unemployment compensation

The amount of earnings before deductions such as income taxes and Social Security. Gross income is calculated by prorating a worker's annual salary according to the number of pay periods or by multiplying an hourly wage rate by the number of hours worked.

The compensation for services, including fees, commissions, fringe benefits, and similar items.

Normal income, including overtime, prior to any payroll deductions, that is regular and dependable. This income may come from more than one source.

The income of the borrower before taxes or expenses are deducted, for qualifying purposes. azard Insurance - A binding contract purchaser enters into with an insurer, to compensate the insured for loss of property, due to hazards, (fire, hail damage, windstorms), for a premium.

The IRS defines gross income as all income that is not exempt from tax. It may be received as money, goods, property, or services.

Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.^Back to the top

Gross income is the total pre-transfer income a family receives. Gross income is used to determine eligibility for TANF and in calculating NET INCOME.

Total income, either actual or estimated before other deductions are made.

All income received by the taxpayer from any source, unless exempt from tax. It includes gains, salaries, bonuses, fees, profits, interest, rents, dividends, etc.

A person's total income prior to exclusions and deductions.

A tax term meaning all income earned before expenses are deducted.

The total income from a property before the deduction of expenses.

Gross income is an individuals or corporations total income before any taxes or deductions have been applied to the sum.

Total household income before any taxes or voluntary deductions taken out.

The monthly income of the borrower before taxes or others expenses are deducted.

The total income before any expenses or deductions.

Total incomes before taxes or expenses are deducted.

The total income for a given period of time, before taxes and other deductions. When qualifying an applicant for a residential loan, the pre-tax and pre-deduction gross income amount is used to determine the Debt-to-Income ratio.

Total income before any expenses or taxes are deducted.

Money, goods, and property you received that must generally be reported on a tax return and may be included in taxable income.

The total amount of money you make annually from all sources. This amount is reported on your federal tax returns.

The total money received from income property, or a business, before operating expenses, taxes, depreciation, commissions, salaries, fees and so on are deducted.

Your income before taxes and deductions.

Total amount of income before deducting expenses.

Your total income, before deducting taxes and expenses.

This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax. It also includes income from sources outside the United States (even if you may exclude all or part of it).

The difference between a company's total sales and its cost of sales. Listed as a category on the statement of earnings. Also called gross profit.

This is all the income you earn before any other deductions like taxes, expenses etc.

The total household incomes before taxes or expenses are subtracted.

A person's earnings from all sources in a given period before expenses are deducted.

All income from all sources (other than tax-exempt income) that must be included on your tax return.

Income before taxes, deductions, and allowances have been subtracted.

Total income, before deducting taxes and expenses. The scheduled (total) income, either actual or estimated, derived from a business or property.

For qualifying purposes, the income of the borrower before taxes or expenses are deducted.

A person's income before deductions (taxes, Social Security, etc.)

Includes all receipts from both active participation (e.g., sales of human labor, production, services, or products) and passive participation (e.g., receipts from interest-bearing accounts or stock dividends, where the income recipient does not perform anything to earn the income but is paid for letting some other party use the money).

Pre-tax monthly income earned by the borrower(s).

The income of the borrower before taxes or expenses are deducted, for qualifying purposes. back to the top

Total income before deduction for expenses; The actual or estimated total receipts for a give period; The amount remaining after deducting from gross rental value the amount estimated for vacancies and rent losses due to failure to pay rent.

A person's income before deduction for income taxation.

Consumer or borrower income before tax.

The amount you earn working before taxes and expenses are taken out.

Total income after tax.

'Obtained annual income from a property before any expenses are deducted.

The total income received before applying incentives or deductions. For self-employed persons, gross income os the amount left after deducting business expenses from gross business income. See: Income -- Treatment of Income - Excluded and disregarded income; Income -- Effect of Income on Eligibility and Benefit Level - Gross earned income limit for TANF and SFA; TANF / SFA earned income incentive and deduction; GA-U earned income incentive deduction; and Food Assistance Programs Benefit Computation

All income you received in the form of money, goods, property, and services from all sources that are not exempt from tax. Gross income does not include any adjustments or deductions.

Something all borrowers have, regardless of those pesky tax returns which seem to indicate otherwise

the income of a borrower before taxes or expenses are deducted; used for qualifying purposes.

Total income before expenses are deducted. Back to the Top

All income that might be subject to tax. Most "realized" increases in wealth are considered income. The main exceptions for individuals are gifts, inheritances, increases in value of property prior to sale, loan repayments and some personal injury awards. For businesses, investments in their capital are not considered income.

Total amount of income from all sources before taxes and operating expenses.

Total income produced by a property before any expenses are deducted.

Total income before deductions are taken.

The total income of a household before taxes or expenses are subtracted.

The scheduled income from the operation of the business of the management of the property, customarily stated on an annual basis. Also refers to the total personal income (from all sources) of an individual, before taxes and other deductions.

Income before taxes and other deductions are made.

Total worldwide income received in the form of money, property, or services that is subject to tax unless specifically exempt or excluded by law.

The income earned before taxes and other deductions. Under certain circumstances, gross income also may include rental income, self-employed income, income from alimony, child support, public assistance payments and retirement benefits.

Total income of the property, before deducting vacancy factor and operating expenses.

The total income of a company for a set period, before deductions and expenses. Also called gross profit.

Total income derived from a business or income property before expenses are deducted.

The total amount that you earn at your place of employment. If self-employed, the amount left over after your expenses are subtracted from total brought in via your business.

Total income before any expenses, taxes or other deductions.

Total income from property before any expenses are deducted.

Your total taxable worldwide income of a taxpayer before subtracting any allowable deductions.

Total income, before taxes or deductions. Gross income is one of the factors lenders weigh when they review loan requests. [] Home equity line of credit A revolving credit facility, collateralized by a mortgage lien, that allows a homeowner to borrow against the equity in the home.

Total income before taxes or expenses are deducted.

The total income of a person before deductions. This for example could be a person's salary plus bonuses, plus benefits in kind (e.g.company car and medical insurance) plus income from shares etc. See net income.

The total household income before taxes or expenses are subtracted.

regular cash receipts before income taxes or the Medicare levy are deducted.

For qualifying purposes, the income of the borrower before taxes or other deductions.

personal income before income tax is deducted.

Total personal income before taxes or other deductions.

1. For individuals, the amount you've earned before payroll deductions are subtracted. Gross income is usually figured in one of two ways: Either by multiplying your hourly wage by the number of hours you worked during the pay period. Or by dividing your annual salary by the number of pay periods in the year. 2. For businesses, the amount of revenue from product sales minus the cost of producing the products that were sold. (Compare with net income .)

Normal income, including overtime, before payroll deductions, which is regular and dependable.

The total income received before deducting any expenses.

A borrower's total income before taxes and other deductions.

Market income plus any transfer payments without adjustment for income tax

The total amount of money people have before taxes and necessities are paid for.

Normal income earned, including overtime, prior to any payroll deductions such as taxes. This income may come from more than one source.

total household income before taxes or other expenses are taken out.

As the starting point in calculating income tax liability, gross income includes all potentially taxable income received from any source, such as wages, salary, dividends, interest, profit from self-employment, retirement plan distributions and so forth.

The beginning point for the determination of income, including income from whatever sources derived. (Also see ADJUSTED GROSS INCOME.)

1. An individual's total personal income before deductions. 2. A company's revenue minus cost of goods sold. Also called "gross margin."

Income earned before deductions (e.g. taxes, dues, etc.). azard Insurance An insurance policy that protects against property loss caused by natural disasters. Terms vary depending on policy drawn.

Total income of a household before expenses and taxes are subtracted.

Total personal income, before the deduction of taxes and expenses.

Total salary or income before deductions.

This is the income of an individual before tax deductions and allowances have been subtracted.

The projected annual income from operation of a business or from management of a property.

This is all the money, goods and property you receive during the year before you reduce it by using adjustments, deductions or exemptions. People who use the barter system have to include the value of whatever they've received in exchanged for services as part of their gross income.

Gross income is commonly defined as the amount of a company's or a person's income before all deductions or any taxpayer’s income, except that which is specifically excluded by the Internal Revenue Code, before taking deductions or taxes into account. For a business, this amount is pre-tax net sales less cost of sales. "Gross income" in accordance to the IRS, is defined in the Internal Revenue Code 61.