Accounting MascotAccounting Q&A

How do you calculate the gross annual income?
submitted by kiran.p

robby

You take all the money you made from sales, services, or whatever your business does in a year, and add any other income you got. That's your gross annual income.

jenson

To calculate your gross annual income, you add up all the income sources before deductions.

mikelson

Gross annual income is the total amount you earn in a year before taxes or deductions. So, you'd just add up your salary, bonuses, and any other income you got during that time.

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