what is your annual income
What is Annual Income? What is Annual Income? Annual income is the total amount an employee earns for a given year. This income may be classified into âgrossâ annual income and ânetâ annual income. Gross annual income is the total earnings of an employee for an entire year without taking into considerations the various taxes and other deductions. Net annual income meanwhile is a personâs total earnings for the year less taxes and/or deductions.