Gross Income

Wages and Salaries: Income earned from employment, including regular wages, overtime, bonuses, and commissions.
Rental Income: Income earned from renting out property or real estate.
Interest and Dividends: Income earned from investments, such as interest on savings accounts and dividends from stocks.
Business Income: Income earned from operating a business or self-employment activities.
Capital Gains: Income earned from the sale of assets, such as stocks, real estate, or other investments.
Other Income: Additional sources of income, such as alimony, royalties, and annuities.

What is Gross Income?

The total income earned before any deductions. Gross income includes wages, bonuses, and other earnings. It is used to calculate taxable income.

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