Gross annual income is the total amount of money earned by an individual or business within a fiscal year before any deductions are made. It is the amount of money received before taxes and other deductions are taken out. Gross annual income is different from net annual income, which is the amount of money that remains after all deductions are made.

To calculate gross annual income, you can multiply your gross pay by the number of pay periods you have in a year. For example, if you earn $2,000 per month, your gross annual income would be $24,000 ($2,000 x 12 months). If you are paid hourly, you can calculate your gross annual income by multiplying your hourly wage by the number of hours you work per week and then multiplying that by the number of weeks you work per year.

It is important to note that gross annual income includes income from all sources, including wages, salaries, tips, bonuses, and any other income earned. It is also important to distinguish between gross and net income when applying for a loan or other financial purposes.