Real Estate Glossary | What is Before-Tax Income??

Q: What is Before-Tax Income?

Before-tax income, also known as gross income, is the total amount of money that a person or business earns before any taxes or deductions are taken out. This includes income from wages, salaries, investments, and other sources. Before-tax income is used as the starting point for calculating taxes and other deductions, such as Social Security and Medicare taxes, and is different from after-tax income, which is the amount of money that a person or business has left after all taxes and deductions have been taken out.

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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