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GrossBefore any deductions, particularly tax deductions.Similar MatchesGross Income MultiplierGross Income MultiplierA figure which, when multiplied by the annual gross income, will theoretically determine the market value. A general rule of thumb which varies with specific properties and areas. Grossing upGrossing upUK shareholders receive dividends with a tax credit of 10%. This means that a notional 10% tax has already been paid by the company paying the dividend and the amount you receive as a shareholder is 'net' of that tax payment.But in order to calculate your individual tax liability on the income, which may be higher than 10%, you have to 'gross up' the dividend - that is add back the tax deducted - and work out your tax liability from the gross figure.Example:You hold 1,000 shares in Bigyield plc which announces that it is paying a dividend of 9p per share. You actually receive £90 as a net dividend, but the company has also notionally but not actually paid £10 of the gross amount as tax on your behalf. So, although you only received £90, the tax position is: Actually received : £90.00 Tax credit: £10.00 Grossed up income: £100.00If you are a higher rate taxpayer, the amount you have to pay in total on the dividend is 32.5% which, on £100, is £32.50. Since you have a tax credit of £10, the additional amount payable is £22.50.Note that £22.50 is exactly a quarter of £90. A quick way for a higher rate taxpayer to calculate the additional tax payable on a UK dividend is to multiply the net amount received (£90) by 25%. Gross spreadGross spreadThe fraction of the gross proceeds of an underwritten securities offering that is paid as compensation to the underwriters of the offering. Gross domestic product (GDP)Gross domestic product (GDP)The market value of goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. Gross domestic productGross domestic productThe value of all goods and services created within an economy. It equals gross national product minus income from abroad. Further Suggestionsgross yieldgross profit gross margin Gross lease Gross per broker Gross Weight Adjusted Gross Income Gross profit margin adjusted gross income Gross Income Gross parity Gross Lease gross rate Gross output gross interest gross income Gross domestic product Gross sales Gross national product gross national product gross redemption yield Gross profit Gross income Adjusted gross income (AGI) Gross interest |
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