grossing up - Hutchinson encyclopedia article about grossing up Printer Friendly
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gross
(redirected from grossing up)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia 0.01 sec.

gross

A particular figure or price, calculated before the deduction of specific items such as commission, discounts, interest, and taxes. The opposite is net.



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on the taxpayer's most recently audited financial statements, certified before July 1, 2003; or (3) in the case of an applicable financial statement that fails to show a specific earnings amount, but does show a specific tax liability attributable to such earnings, the amount of such earnings determined by grossing up the tax liability at a 35% rate (Sec.
 
 
 
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