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income Definition

in·come (in′kum′)

noun

  1. Archaic the act or an instance of coming in
  2. the money or other gain received, esp. in a given period, by an individual, corporation, etc. for labor or services or from property, investments, operations, etc.

Etymology: ME: see in & come

income Synonyms

income

n.

earnings, salary, wages, pay, livelihood, returns, profit, dividends, interest, assets, proceeds, benefits, receipts, gains, revenue, commission, drawings, rent, royalty, honorarium, annuity, pension, income after taxes, net income, gross income, taxable income, bottom line*, pickings*, take*; see also pay 2, revenue 1, 2.

Antonyms expense*, expenditures, outgo.

income Law Definition

n

Money received for services performed, products sold, as interest on investments, as royalties on inventions or creative works, or generally in exchange for some performance or consideration.
adjusted gross income
Gross income minus deductions permitted by the Internal Revenue Code.
gross income
Income prior to any exemptions, exclusions, or deductions.
imputed income
The doctrine that, under certain circumstances, a taxpayer realizes taxable income as a result of the use or consumption of his or her own property.
income in respect of a decedent
Income due to a person before death but not collected until afterward.
net income
Income after all exemptions, exclusions, and deductions.
ordinary income
Income from routine or everyday activities, such as the operations of a business or the labor of an individual.
taxable income
Same as net income.

income Usage Examples

Converse of object

  • earn: Discover how YOU can earn a good income from the comfort of your own home!
  • generate: Get Paid to Surf The Internet in the UK... generate an income whilst they are surfing the internet.
  • derive: The United States does not tax non-resident aliens for any interest income or dividend income derived from the United States.

Adjective modifier

  • disposable: We will also look at what ' disposable income ' you have.
  • gross: Imagine putting a whole year's gross income into your pension!
  • rental: Polish Lenders will not take into account any proposed rental income from the property that you wish to buy.
  • taxable: Not taxable income buy out the the array of are springing up.
  • net: Indeed, the child tax credit will see that some people's net income is greater than their gross income.
  • low: Some people on low incomes will not be charged at all.

Modifies a noun

  • tax: There is no income tax, capital gains tax, VAT, sales or use tax or wealth tax.
  • stream: Some of the income streams we depend on now can't be relied upon for the future.
  • inequality: Income inequality was still greater in the mid-1990s than at any time in the forty years from the late 1940s.
  • generating: The general loan can be used for any income generating activity that has been approved by group members.
  • taxis: This money is subject to ordinary income taxes in addition to estate taxes.

Noun used with modifier

  • household: The new child tax credit will cover families with children whose combined household incomes are below £ 60,000 a year.
  • capita: Figure 1 shows the result found when dealing with per capita incomes; there incomes increase from the left to the right.
  • retirement: So instead of automatically buying a retirement income from your pension provider, you should take time to consider your options.
  • dividend: The United States does not tax non-resident aliens for any interest income or dividend income derived from the United States.

Preposition: in

retirement: People want to know that they have a decent minimum income in retirement above which they can make their own provision.

Preposition: per

capita: For understanding the twin-peaked distribution of national income per capita a synergetic model based on the master equation approach has proved to be useful.