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.
Married Taxpayers. If a married personâs Massachusetts gross income is in excess of $8,000, then that individual must file a return reporting his or her Massachusetts gross income. A married person with a filing requirement may choose to file a return, either as: