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    what is federal gross income

    doing my state taxes on line.they are asking for the federal gross income

    0  Views: 356 Answers: 2 Posted: 13 years ago

    2 Answers

    The amout of money you earned before any deductions whatsoever  were taken out.

    Your gross income is what you earn before taxes and other deductions are taken out.


    Gross income includes all income earned or received from whatever source. This includes salaries and wages, tips, pensions, fees earned for services, price of goods sold, other business income, gains on sale of other property, rents received, interest and dividends received, alimony received, proceeds from selling crops, and many other types of income. Some income, however, is exempt from income tax. This includes interest on municipal bonds.



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