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.
Doing your taxes can be a headache, and figuring out your taxable income is no exception. Simply put, taxable income is the total gross income you make, minus exemptions, deductions and credits. Gross income can be classified as earned and unearned. You gross income includes: Earned income.