Gross earnings

Gross earnings,

Definition of Gross earnings:

  1. Gross earnings for an individual are generally the first line of an employee's gross earnings on a paycheck stub. Typically, this is followed by a list of deductions such as income taxes, and the difference between the gross earnings and the deductions is the employee's net income or the amount that appears on his paycheck.

  2. A calculation of a companys revenue from business operations before deducting associated expenses.

  3. Gross earnings, for individuals, refer to the total income earned before the application of any tax deductions or adjustments. For public companies, gross earnings are an accounting convention, referring to the amount left over from total revenues over a specified time period once the cost of goods sold (COGS) has been deducted.

Meaning of Gross earnings & Gross earnings Definition