What is gross income? Gross income is money earned before taxes are taken from a paycheck. Gross income is money earned after ta

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3 years ago

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What is gross income? Gross income is money earned before taxes are taken from a paycheck. Gross income is money earned after ta

xes are taken from a paycheck. Gross income is money paid to fund firefighters and police officers. Gross income is money paid for taxes.

Mathematics

1 answer:

Kaylis [27] · Answer 1 · 2022-07-15T13:43:55+03:00

Answer:

Gross income is money earned before taxes are taken from a paycheck

Step-by-step explanation:

Gross income is money earned before taxes are taken from a paycheck

Gross income refers to the total amount of money earned by an individual over a specific period of time usually a year before any deductions such as taxes is made.

Gross income includes income earned from all sources. It can also be called Gross pay on a paycheck.

For example, if an individual earns $100 in a year and is expected to pay a tax of 2%. The gross income is $100 before tax is deducted