gross — the total overall amount. For example, gross profit is the trading profit of a business without any deductions for business expenses. Glossary of Business Terms Before deduction of tax. Exchange Handbook Glossary The gross amount is the amount… … Financial and business terms
gross dividend — The amount of a dividend prior to the deduction of tax. Gross dividend is therefore equal to the dividend payable plus the tax credit. See: advance corporation tax … Accounting dictionary
Gross income — is commonly defined as the amount of a company s or a person s income before all deductions or any taxpayer’s income, except that which is specifically excluded by the Internal Revenue Code, before taking deductions or taxes into account. For a… … Wikipedia
Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… … Wikipedia
Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… … Wikipedia
Tax ladder — is a term sometimes used to refer to the formula for calculating a taxpayer s tax liability in a given year for United States federal personal income tax purposes. The term ladder is used because as your taxable income increases, you climb the… … Wikipedia
gross income — n: all income derived from any source except for items specifically excluded by law ◇ Section 61 of the Internal Revenue Code lists fifteen nonexclusive items that should be included in gross income. They are (1) compensation for services,… … Law dictionary
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Tax return (United States) — Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other … Wikipedia
gross — ► ADJECTIVE 1) unattractively large or bloated. 2) vulgar; unrefined. 3) informal very unpleasant; repulsive. 4) complete; blatant: a gross exaggeration. 5) (of income, profit, or interest) without deduction of tax or other contributions; total.… … English terms dictionary
gross up — To convert a net figure into a gross one for the purpose of tax calculation, etc • • • Main Entry: ↑gross * * * ˌgross ˈup [transitive] [present tense I/you/we/they gross up he/she/it … Useful english dictionary