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Definition of '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".
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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.
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