Gross income is your total compensation before taxes or other deductions ... it's the annual amount you earn divided by 12. It's merely a basic measure to help with budgeting and other run ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New ...

Household income generally refers to the annual gross income of all household members ... and unemployment compensation. However, it excludes sources like child support, gifts, veteran’s ...

Gross income is your total earnings before any deductions are made. More information on basic pay, overtime and commission can be found in the National 4 Lifeskills Maths section on Income.