"Gross receipts" refers to the total amount of money or income that a business earns from its sales or services before deducting any expenses or taxes. It is the total revenue generated by a company. Full definition
Note: In addition to regular income taxes, many states impose other taxes on corporations such as gross receipts taxes and franchise taxes. (taxfoundation.org)
The bill would include a 7 percent tax on gross receipts of the sale of the drug. (politico.com)
This fee increases to $ 850 if you expect that your nonprofit will take in gross receipts exceeding $ 10,000 annually over a four - year period. (rocketlawyer.com)