Gross income
Term · Law · MLC-T-LAW-002363
The total amount of income received from all sources before any deductions, taxes, or expenses are subtracted. This includes wages, salaries, tips, interest, dividends, rental income, and business profits. For tax purposes, gross income is the starting point for calculating adjusted gross income and taxable income.
| Identifier | MLC-T-LAW-002363 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002363",
"term": "Gross income",
"field": "Law",
"definition": "The total amount of income received from all sources before any deductions, taxes, or expenses are subtracted. This includes wages, salaries, tips, interest, dividends, rental income, and business profits. For tax purposes, gross income is the starting point for calculating adjusted gross income and taxable income.",
"url": "https://mlchart.com/terminology/law/gross-income/"
}
Record 2,276 of 5,445 in Law terminology (MLC-0107). Request the full dataset.