Princeton's WordNet(0.00 / 0 votes)Rate this definition: reference point, point of reference, reference(noun) an indicator that orients you generally. it is used as a reference for comparing the heating and the electrical energy involved.
For Individuals. Gross income is an individual's income and receipts from nearly all sources. It is the starting point for determining the taxes that individual will pay. Sources of gross income include salary, wages, tips, capital gains, dividends, interest, rents, pensions and alimony.
Even if they calculate a zero tax, the requirement to file still exists. Part-year residents file Massachusetts Form 1 NR/PY-Nonresident/Part-Year Resident Individual Income Tax Return.Definitions of Gross Income: 1  Massachusetts gross income = federal gross income, with certain modifications.very individual inhabitant who receives or accrues Massachusetts gross income in excess of $8,000 must make a return of such income. Full year residents who receive or accrue Massachusetts gross income in excess of $8,000 during the taxable year are required to file a Massachusetts income tax return.