Quick Definition

Gross income is the total earnings or revenue generated by an individual or business before any deductions or taxes are applied.

Examples

• 1A salaried employee earning $50,000 annually before taxes and other deductions.
• 2A freelance graphic designer whose total receipts from clients amount to $70,000 in a year.
• 3A small business that generates $200,000 in sales from products and services before expenses.

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