gross square footage definition
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- 3.2.1 Gross Area (Gross Square Feet GSF). (See figure 3-2 below). 1  Definition. 2  The sum of all areas on all floors of a building included within the outside faces of its exterior walls, including all vertical penetration areas, for circulation and shaft areas that connect one floor to another. 3  Basis for Measurement.
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- gross income. 1. Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
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gross 1. pl. gross·es The entire body or amount, as of income, before necessary deductions have been made. 2. pl. gross Abbr. gr. or gro. A group of 144 items; 12 dozen. To earn as a total income or profit before deductions: The store grossed $10,000 last month.
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"What Does ""gross Salary"" Mean?" A: Gross salary refers to a person's income, typically stated on an annual basis, prior to any deductions or taxes. Gross salary is different from net salary, which is the actual take-home pay a person receives after the employer withholds taxes and other deductions.
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grossly Grossly is defined as something done in a disgusting manner, or is something that is extreme or excessive.
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- Gross Lettable Area Vs Net Lettable Area. When looking for office space, first time prospective tenants will come across terms such as Gross Lettable Area and Net Lettable Area, and often be confused. Gross Lettable Area/Gross Leasable Area is the area for which tenants pay rent. This includes the areas allocated exclusively to the tenant as well as the tenants pro rata share of a building’s common areas such as lobbies, common bathrooms and stairways – which the tenant does not occupy exclusively.
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What Is the Meaning of Gross Salary? Basic Definition. Gross salary is the term used to describe all of the money you’ve made while working at your job, figured before any deductions are taken for state and federal taxes, Social Security and health insurance. If you work more than one job, you’ll have a gross salary amount for each one.
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How to Calculate the Effective Gross Income Effective gross income is an important consideration when determining the value of a rental property. Rental monies received from a rental property isn't the only factor to take into account when figuring out a rental unit's worth; Income received from other on-premises items should be considered as well, like coin operated laundry machines.
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Gross vs Net â Whatâs the Difference? Gross refers to the total amount before anything is deducted. Many important accounting statistics use this method, such as gross earnings and gross profit. Net refers to the amount remaining after certain adjustments have been made for debts, deductions or expenses.
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gross income Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. Expand. Also called gross revenue.
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Gross (unit) Gross (unit) In English and related languages, several terms involving the words great or gross (possibly, from French: grosse thick) relate to numbers involving multiples of exponents of twelve (dozen): A gross refers to a group of 144 items (a dozen dozen or a square dozen). A great gross refers to a group of 1728 items (a dozen gross or a cubic dozen). A small gross or a great hundred refers to a group of 120 items (ten dozen).
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gross income Gross income definition, Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. See more. Dictionary.com
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Difference Between Gross Living Area & Gross Building Area Gross Living Area. Living space, or “under air” space is calculated when determining square footage of a property. In a single-family house, GLA includes all living space that is above the land-line and has heating, lighting and ventilation.
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- These deals have taken many forms including gross lease, net lease. A net lease is here defined as one in which a tenant pays a pro rata share of taxes, based on percentage of space occupied, and that the gross lease is one which makes the lessor solely responsible for real estate taxes.
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What Is the Meaning of Gross Salary? Basic Definition. Gross salary is the term used to describe all of the money you’ve made while working at your job, figured before any deductions are taken for state and federal taxes, Social Security and health insurance.If you work more than one job, you’ll have a gross salary amount for each one.ou may hear terms such as gross salary, net salary and deductions used, especially on payday, but might not be completely clear as to what all of them mean.
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What Is Gross Pay and How Is It Calculated? Gross pay for an employee is the amount used to calculate that employees' wages (for an hourly employee) or salary (for a salaried employees. For both salaried and hourly employees, the calculation is based on an agreed-upon amount for gross pay.
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Square Footage Calculator How to Calculate Square Footage. Square footage is the area in square feet. The easiest way to calculate it is by measuring the length and width of your area in feet then multiplying those two numbers together to get the area in feet squared.
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- The term gross refers to the total amount made as a result of some activity. It can refer to things such as total profit or total sales. Net (or Nett) refers to the amount left over after all deductions are made. Once the net value is attained, nothing further is subtracted.his type of lease is called a gross lease. A net lease is one where the tenant is only required to pay the rent. But there are other types of net lease that entail more costs: 1  single net lease: tenant pays rent and property taxes. 2  double net lease: tenant pays rent, property taxes and insurance.
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- Gross Lettable Area Vs Net Lettable Area. January 14, 2014 | by Matthew Marvin. When looking for office space, first time prospective tenants will come across terms such as Gross Lettable Area and Net Lettable Area, and often be confused. Gross Lettable Area/Gross Leasable Area is the area for which tenants pay rent.
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gross price Definition. Value of a product or service before any cash discounting is considered. For accounting purposes, the gross price represents the value of an invoice before any discounting is applied.
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- 1 A gross refers to a group of 144 items (a dozen dozen or a square dozen). 2  A great gross refers to a group of 1728 items (a dozen gross or a cubic dozen).  A small gross or a great hundred refers to a group of 120 items (ten dozen).
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Gross income Under the U.S. Internal Revenue Code, Except as otherwise provided by law, gross income means all income from whatever source derived, and is not limited to cash received. Federal tax regulations interpret this general rule.
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Gross income Gross income in United States tax law is receipts and gains from all sources. Gross income is the starting point for determining Federal and state income tax of individuals, corporations, estates and trusts, whether resident or nonresident.
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How to Calculate Business Gross Receipts Business gross receipts, or gross sales, is a measure of how much revenue is generated from an organization’s trade without taking into account any allowances, discounts or credits that might have been coupled with the product to generate the sale.
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gross annual income gross annual income. Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross annual income figure is the base figure with which to start. Use 'gross annual income' in a Sentence.
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- Gross Lease. A percentage lease is a lease where the rental is based on a percentage of the monthly or annual gross sales made on the premises, usually coupled with a base rent.ross Lease. A percentage lease is a lease where the rental is based on a percentage of the monthly or annual gross sales made on the premises, usually coupled with a base rent.