gross income

USAGE SUMMARY

'gross income' is a correct and usable phrase in written English.
You could use it to refer to a person's total income before any deductions or taxes are taken out, for example: "Jason's gross income last year was $100,000".

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

—SM Capital gains are included in adjusted gross income (A.G.I).

The New York Times

Gross income for the daughter in 2007 was $18,150.

The New Yorker

Gross income for the mother in 2007 was $68,742.

The New Yorker

The couple's adjusted gross income is $120,431 (Line 37).

The New York Times

How is "modified adjusted gross income" calculated anyway?

The New York Times

Contributions to health savings accounts are deducted from gross income.

The New York Times

My adjusted gross income was higher than in 2010.

The New York Times

My gross income is £14,000 per year.

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

3 human-written examples

You’ve heard about AGI Adjusted Gross Income.

Forbes

This is your Adjusted Gross Income.

WikiHow

Calculate your Adjusted Gross Income (AGI) at year's end.

WikiHow

Expert writing Tips

Best practice

When discussing financial planning or tax implications, always specify "gross income" to avoid confusion with net or adjusted income.

Common error

Avoid using "gross income" interchangeably with adjusted gross income (AGI). AGI is calculated after certain deductions, like contributions to retirement accounts, are subtracted from gross income. Always clarify which measure you are using to prevent misunderstandings.

Linguistic Context

The phrase "gross income" functions as a noun phrase, typically used as a subject or object in a sentence. It refers to the total amount of money earned before any deductions. As Ludwig AI confirms, the phrase is commonly used and understood in English.

Expression frequency: Very common

Frequent in

News & Media

35%

Science

30%

Wiki

15%

Less common in

Formal & Business

10%

Encyclopedias

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "gross income" refers to an individual's or entity's total earnings before any deductions or taxes. Ludwig AI confirms it is a grammatically correct and widely used term across diverse fields, including news, science, and finance. The phrase is used in neutral contexts, suitable for both formal and informal communication. While "gross income" is frequently confused with other income measures like "adjusted gross income" or net income, it is essential to specify the correct measure to avoid misinterpretations. For alternative ways to express "gross income", you could say "total earnings" or "pre-tax income".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

total earnings

Focuses on the overall amount earned before deductions, similar to "gross income".

before-tax earnings

Emphasizes that earnings are calculated before any tax implications, highlighting a key financial aspect.

pre-tax income

Highlights the income amount before taxes are deducted, emphasizing a specific aspect of "gross income".

income before taxes

Stresses the income amount before tax calculations, directly related to tax considerations.

unadjusted income

Indicates the income amount without any adjustments, implying it is the raw figure.

earnings before deductions

Specifies that the amount is prior to any deductions, clarifying the concept of "gross income".

total revenue

Implies the overall income generated by a business before expenses, relating to a broader financial context.

revenue before expenses

Suggests the income prior to any expenses being subtracted, suitable for a business context.

aggregate income

Indicates the combined income from all sources before adjustments, covering a comprehensive scope.

overall income

Refers to income in a general sense, emphasizing its comprehensive nature.

FAQs

How is "gross income" calculated?

"Gross income" is calculated by summing all income sources before any deductions or taxes. This includes wages, salaries, tips, investment income, and other earnings.

What is the difference between "gross income" and net income?

"Gross income" is the total income before any deductions or taxes, while net income is the income remaining after deductions, taxes, and other expenses. Net income is often referred to as take-home pay.

How does "gross income" affect eligibility for financial aid?

"Gross income" is a key factor in determining eligibility for financial aid, as it's used to assess a family's ability to contribute to college expenses. Other factors, such as assets and family size, are also considered. Also consider the "adjusted gross income".

What are some deductions that can be subtracted from "gross income" to calculate adjusted gross income?

Common deductions subtracted from "gross income" to calculate "adjusted gross income" (AGI) include contributions to traditional IRA, student loan interest payments, and health savings account (HSA) contributions.