Meaning & use
gross annual income
Last updated
UK/ɡrəʊs ˈænjuəl ˈɪnkʌm/
US/ɡroʊs ˈænjuəl ˈɪnkʌm/
Meaning
noununcountablefinancebusiness
The total money a person or household earns in a year before taxes and other deductions are taken out.
Grammar: Uncountable: your gross annual income.
Patterns
- gross annual income of an amount
The bank asked for her gross annual income.
With a gross annual income of $60,000, he qualified for the loan.
Common combinations
- report your gross annual income
- You must report your gross annual income.
- household gross annual income
- Household gross annual income determines eligibility.
- gross annual income of
- A gross annual income of $50,000 is needed.
- based on gross annual income
- The loan is based on gross annual income.
Synonyms and how they differ
- gross income
- Gross income is the shorter form and may cover any period, not just a year.
- annual salary
- Annual salary covers pay only, while gross annual income includes other earnings.
Opposites
net annual income
Word family
- income noun
- money received from work or investments
Commonly confused: gross annual income or net annual income?
gross annual income vs net annual income
Net income is what remains after taxes and deductions.
Practice
Your gross annual income is the amount earned ___.
Choose one answer.
Gross means before deductions. After taxes is net income.
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