I am going to file my tax, there is one thing i don't understand: gross income? it's the income before tax or after?
2007-03-15 03:48:04 · 0 answers · asked by alex4travel 1 in Business & Finance ➔ Taxes ➔ United States
Gross - the amount BEFORE taxes.
Net - after taxes
2007-03-15 03:52:05 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Before, u deduct any expenses. That's called Gross income.
2007-03-15 03:52:25 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Gross is the income you worked for before taxes and deductions are taken out.
2007-03-15 04:20:59 · answer #3 · answered by harleychickfatboy 3 · 0⤊ 0⤋
Gross income is income before expenses are deducted.
Good luck
amadeus
2007-03-15 03:54:24 · answer #4 · answered by amadeus 3 · 1⤊ 0⤋
Gross income is income before anything is subtracted from it, such an an adjustment or deduction.
2007-03-15 03:59:16 · answer #5 · answered by ninasgramma 7 · 1⤊ 0⤋
Gross income is your pay BEFORE taxes. Net income is what you get after fed, state, medicare, and other taxes are subtracted.
2007-03-15 03:52:47 · answer #6 · answered by Just Mee 2 · 1⤊ 1⤋
All income from all sources before any deductions, taxes, exemptions or other reductions.
2007-03-15 04:01:34 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Its your income before taxes.
2007-03-15 03:55:41 · answer #8 · answered by sarah 5 · 0⤊ 1⤋
"Gross" income is your total income before taxes have been deducted.
2007-03-15 03:55:53 · answer #9 · answered by dpoetryman1962 1 · 0⤊ 1⤋
The money you get before taxes are tooken away from it!!
2007-03-15 03:56:16 · answer #10 · answered by dueceyourface 2 · 0⤊ 1⤋