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- DictionaryIn·come/ˈinˌkəm/
noun
- 1. money received, especially on a regular basis, for work or through investments: "he has a nice home and an adequate income"
Learn the meaning of income as a noun, with synonyms, examples, and word history. Find out how to use income in a sentence and explore related phrases and articles.
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- What Is Income?
- Taxable Income
- Types of Income
- How Is Earned Income Taxed?
- Business Income: GAAP Income
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There are different terms for income, depending on the quantity being measured. Gross income is the total value of your salary or payments, without accounting for any cash outflows. Net incomerefers to the income left over after subtracting taxes or fees. You discretionary incomeis the amount you have available after paying for necessary expenses, ...
For income tax purposes, the tax code attempts to define income to reflect taxpayers’ actual economic position. The general tax framework applies to taxpayers’ personal revenue (other than tax-exempt income) from all sources and offsets such revenue with deductionsfor expenses and losses to determine taxable income. In addition, public policies may...
Three main categories of income that are part of taxation are: ordinary income, capital gain, and tax-exempt income.
Earned income is the money a person receives due to working or business activities, such as earning a salary, self-employment income, or certain government benefits. This is distinct from unearned income, such as receiving an inheritance, capital gains, or qualified dividends. Earned income is subject to different taxes than unearned income. In the...
Most businesses, including all public companies, employ standard financial accounting methods and practices—i.e., generally accepted accounting principles (GAAP)—to determine their income and value. Audited financial statements prepared in accordance with these rules are required for public companies. Investors assess businesses’ financial statemen...
Income is one of the most basic measures of economic activity. For individuals and companies, it measures the net gain of their revenues as a result of working or doing business. In public policy, income represents the basis for most forms of taxation.
Learn what income is and how it is measured for different purposes, such as taxation, accounting, and economics. Find out the types of income, such as ordinary, capital, and tax-exempt, and how they are taxed.
Learn the meaning of income as money earned from work or investments, or as a company's profit. See how to use income in different contexts and collocations with examples from the Cambridge Dictionary.
Learn the meaning of income as money earned from work or investments, or as a company's profit. See how to use income in different contexts and collocations, and compare it with related words.
the money, or amount of money, received from one’s employment: a household with three incomes; a healthcare worker with an income that hasn’t increased in five years. Synonyms: earnings, wages, salary, return, gains, annuity, interest. Antonyms: expenditure, outgo.
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields.
Income is the money that a person or organization earns or receives, as opposed to the money that they have to spend or pay out. Learn more about the word origin, pronunciation, collocations, and usage of income in different contexts and languages.
