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Definitions from the Web

Gross Income

Description:

Gross income refers to the total amount of income earned by an individual or company before any deductions or expenses are taken into account. It includes all sources of income, such as wages, salaries, profits, and investments.

Examples:

1. She reported her gross income of $50,000 on her tax return.
2. The company's gross income for the quarter exceeded expectations.
3. John's gross income from his job increased significantly this year.

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