what is gross income ?

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19-06-2014
Technology and Home Economics

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what is gross income ?

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Shemmarzan470idn Shemmarzan470idn · Answer 1 · 2020-04-09T22:42:40+08:00

Gross income

It refers to the total income of a person or business from all resources
It is without deductions yet
Total profit before deductions
From all sources which means it is not just limited to the income via cash but also includes all the property and services received.

For individuals:

it is consist of the income which is the wages, salary, pensions, interests, rental and dividends.

For Business:

Includes the revenue less the cost of goods sold.
Except the other costs in the business

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what is gross income ?

Sagot :

Gross income

For individuals:

For Business:

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