Gross income measures how much total income a company brings in from the sale of its products and services minus the cost of producing those goods and services. In contrast, net income is the profit ...
Gross income for an individual is your total income before taxes and other deductions. Gross income for a business is a figure calculated by taking total revenue minus the direct cost of producing the ...
An amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications.
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