In a broad context, the term "gross" is used to refer to all of something. It is typically used in a financial context to describe the total amount of money earned before subtracting certain costs ...

Gross income is purely a pre-tax amount, so taxes aren't relevant to the calculation. If you receive an annual salary How to calculate gross income if you receive an annual salary If you're paid ...

Gross profit refers to the amount of revenue remaining after subtracting the cost of goods sold (COGS). Gross margin, on the other hand, expresses gross profit as a percentage of total revenue.

Adjusted gross income then can be reduced by the standard deduction or itemized deductions for the final amount of taxable income that will be taxed. Tax brackets and marginal tax rates apply to ...