Gross Income

What Does Gross Income Mean?
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 explains Gross Income
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
Percentage Depletion
Revenue
Taxable Income
More Related Terms

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