The spelling of "gross earning" is straightforward - the "g" is pronounced with a hard "g" as in "goat", the "r" is also pronounced and the "o" sound is a short vowel sound as in "hot". The "ss" is pronounced as a double "s" sound and the "e" is pronounced with a short vowel sound as in "bed". The emphasis is on the first syllable. The IPA phonetic transcription for "gross earning" is /ɡrəʊs ˈɜːnɪŋ/.
Gross earnings refer to the total income or revenue generated by an individual, business, or entity before any deductions or expenses are subtracted. It represents the entirety of the earnings earned from various sources, such as salaries, wages, commissions, dividends, interest, and any other forms of income.
In personal finance, gross earnings typically include the total income received from employment, self-employment, investments, and other sources of revenue. It is the before-tax income that individuals receive, which is subject to various deductions and taxes to determine the net income or take-home pay.
For businesses, gross earnings encompass the total revenue generated from sales of goods or services, investments, and other business activities. It does not take into account any operating costs, expenses, taxes, or deductions associated with the business operations. Gross earnings represent the initial measure of a company's financial performance before considering its net profit or loss.
Calculating gross earnings is vital for individuals and businesses to assess their overall financial health, evaluate their revenue generation capabilities, and determine the potential for growth. Comparisons of gross earnings across different time periods or between organizations within the same industry can provide insights into the efficiency and profitability of businesses while enabling individuals to gauge their income streams and plan for future expenses.
The word "gross" in the term "gross earnings" is derived from the Old French word "gros", which means "large" or "big". It further traces its origins back to the Late Latin word "grossus" meaning "thick" or "coarse". Over time, the term "gross" came to represent the total or whole amount of something, without any deductions or adjustments. Therefore, "gross earnings" refers to the total income or revenue received before any deductions such as taxes, expenses, or other deductions are subtracted.