Description

Gross income refers to the total earnings of an individual or entity before any deductions or taxes are applied. It includes all income sources such as wages, salaries, bonuses, and investment income.

Interpreter Notes

Interpreters should be aware that 'ingreso bruto' is the formal term used in financial contexts. Common variants may include colloquial terms like 'ingresos totales' or 'ingresos antes de impuestos', but these should be avoided in formal settings. Ensure clarity in distinguishing this term from 'ingreso neto', which refers to income after deductions.

Example Sentences

EN: The gross income reported on the tax return was significantly higher than expected.

ES: El ingreso bruto reportado en la declaración de impuestos fue significativamente mayor de lo esperado.

Common Interpreter Mistakes

Confusing 'gross income' with 'net income'; misinterpreting similar terms like 'ingreso total'; using informal variants in formal contexts