The Enterprise and Economic Development Glossary a resource of the .network library

gross:

... a whole amount; a total; an amount from which nothing is deducted; exclusive of deductions.

Gross income is what exists before all deductions are subtracted to reflect a net income amount. Gross pay is a total amount of wages earned for a specified period, for example, shown on an employee's check stub. In the case of the example, deductions are also typically show on the stub which, when added to the amount of the check equal the gross amount.

Gross margin is the total sales revenue of a business minus its cost of goods sold AKA gross profit; therefore, both of these are alternatives for gross income. On the other hand, profit is a net amount as the surplus remaining after all deductions (total costs, including taxes and other payouts that are not expected to be returned).

Gross pay is the total remuneration an employee receives from his or her employer ... including allowances, overtime pay, commissions and bonuses, etc., before any deductions are made (source of quote).

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