Gross income is the sum of all wages, salaries, profits, interest payments, rents and other forms of earnings before any deductions or taxes. It is opposed to net income which is the sum of all earnings minus taxes and other deductions.
Frequently Asked Questions
What is Gross Income?
Gross income is the total income a property can make if all their units are rented and leased.
How do you calculate gross income?
Gross income is the income before deductions.