gross income

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Taxpayers with adjusted gross income of $500,000 provided 57% of itemized charitable giving in 2022, while those with income of $1 million or more accounted for about 48%, the report said.

From Barron's

Crucially, this tax-advantaged strategy satisfies your required minimum distributions without increasing your adjusted gross income.

From MarketWatch

A family buying a median-priced home, which was then $260,000, would have spent about 28.7% of their gross income on the house, according to data from the Federal Reserve Bank of Atlanta.

From MarketWatch

But a family buying a median-priced home for $402,000 would need to spend 30% of their gross income on the house, the data showed, pushing them to an important limit: Housing costs are only considered affordable when they’re 30% or less of gross income.

From MarketWatch

A good rule of thumb for 2026 is to keep transportation costs, including car payment, insurance, gas, maintenance and repairs, at around 15% to 20% of your gross income — and to stay closer to the lower end if your cash flow is tight, said Joe Piszczor, founder of Washington Family Wealth in Washington, Penn. That means if you earn $100,000 a year, you should direct between $1,250 and about $1,670 toward monthly transportation costs.

From MarketWatch