What does Gross Annual Income mean?
2007-01-13 19:58:17 · 13 answers · asked by greenlantern28 2 in Family & Relationships ➔ Singles & Dating
For the year that you were working how much you made before deductions.
2007-01-13 20:05:25 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Personal Annual Income
2016-12-28 15:22:38 · answer #2 · answered by lina 4 · 0⤊ 0⤋
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What does Gross Annual Income mean?
What does Gross Annual Income mean?
2015-08-18 18:00:22 · answer #3 · answered by Blancha 1 · 0⤊ 0⤋
Any income you have received in the tax year before any taxes were taken out. This is also including paid sick days for work..
Also, includes expenses.
Though tax years are different for certain Corporations, Foundations, and Estates some are not on a fiscal year end. But Individual tax years is the 12-31-(whatever tax year it may be / fiscal year end). So annual is whatever has been established for that business, foundation, or estate. So that is why ever month on the 15th that is a tax deadline and the April 15th deadline is actually the easier one for accountants as opposed to the Oct 15.
2007-01-13 20:13:49 · answer #4 · answered by mailjunkie123 3 · 2⤊ 0⤋
Gross Annual Income is the amount you made for the entire year before any deductions were made (such as taxes, insurance, etc).
2007-01-13 20:01:54 · answer #5 · answered by Raising6Ducklings! 6 · 1⤊ 0⤋
Gross means before deductions like taxes, insurance, etc. Net is after those deductions
2007-01-13 20:03:06 · answer #6 · answered by girl60610 2 · 0⤊ 0⤋
Total gross income of a business is defined as all income from whatever source derived, including but not limited to:
a. gross receipts (less returns and allowances) from the sale of tangible personal property;
b. gross receipts from the sale of services, including fees and commissions;
c. gains derived from property transactions;
d. interest;
e. rents;
f. royalties;
g. dividends;
h. income from life insurance and endowment contracts;
i. franchise fee income;
j. distributive share of partnership gross income;
k. income received from business contractual agreements, such as non-compete contracts; and
l. business income from an interest in an estate or trust.
2007-01-13 20:05:41 · answer #7 · answered by elvisjohn 7 · 1⤊ 0⤋
That's income you made for the year before they took out taxes and everything else which left you with less than nothing.
2007-01-13 20:06:46 · answer #8 · answered by quantumview 5 · 0⤊ 0⤋
Before taxes.. after is net income
2007-01-13 20:02:28 · answer #9 · answered by Chris Z 5 · 1⤊ 0⤋
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Yearly amount of money that you get before tax or anything else is deducted.
2016-04-07 10:23:13 · answer #10 · answered by Anonymous · 0⤊ 0⤋