Federal Income Tax Terms (Congressional Research Service) 26 CFR § 1.61-1 (Cornell Legal Information Institute) Definition of AGI (IRS) Gross Pay vs. Net Pay (ADP) Gross Income Formula The formula for calculating gross income is as follows. Gross Income = ΣIncome Earned For companies, gross...
Luckily, online income calculators can perform the calculations for you, such as the one available through the payroll processorADP. An online calculator can easily let you know your gross monthly income or annual salary with little effort. You only need to know the amount you are paid and the...