Gross income measures how much total income a company brings in from the sale of its products and services minus the cost of producing those goods and services. In contrast, net income is the profit ...

For individuals, your gross income is the total amount of earned income that you can find on your paycheque before any taxes and deductions are taken off. It considers all sources of income from your ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

The Internal Revenue Service allows a corporation to elect to be treated as a small business corporation, or S corporation, for federal income tax purposes, provided ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Investopedia / Michela Buttignol Gross ...

Your sources of income, whether received through a paycheck, side hustle, tips or burgeoning e-commerce store, all need to be accounted for when it comes time to file your tax return. Before filling ...

The IRS helpfully defines adjustable gross income (AGI) as gross income, minus adjustments. If you're self-employed, that translates to business income, less expenses and deductions – which you report ...

Tax terminology can often feel like a foreign language, but there are a few standard terms a taxpayer will benefit from understanding. Adjusted gross income, or AGI, is one of these terms, and most ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...