View source for CORRECTED GROSS INCOME

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== Definitions ==

1. the AC -1 reports the [[GROSS_INCOME|gross income]] of the [[ORGANIZATION|organization]] for the week, shows the calculation of the corrected gross [[INCOME|income]] and the [[ALLOCATION|allocation]] of the corrected gross income. The corrected gross income is the income available for use and is calculated by deducting various items as detailed on the AC1 [[FORM|form]].
''(BPL 4 Dec 72 IIRB)''

2. in a [[CENTRAL_ORGANIZATION|Central Organization]], all the [[MONEY|money]] taken, whether in [[CASH|cash]] or checks, is banked in the [[MAIN_ACCOUNT|Main Account]] at the [[CENTRAL|Central]] [[ORG|Org]]'s [[LOCAL|local]] [[BANK|bank]]. ten per [[CENT|cent]] of this total taken during one week is remitted to [[HCO_WW|HCO WW]]. This leaves 90% of the total take for that week in the Main [[ACCOUNT|Account]]. This balance is called the corrected gross income.
''(HCO PL 20 Feb 63)''