Gross Income
Gross income is a financial term meaning your total income before the usual deductions for tax etc. Usually when you get your wages, tax will have been deducted by your employers, and in this case your wages are your net income, not your gross income. If your employer did not deduct your taxes then what you receive will be your gross income.
Some savings accounts pay out in gross income and in their case it is very important you declare tax on this correctly because it will definitely be due to the Inland Revenue.
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