Income definition
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
noun
The act of coming in; entrance.
noun
The definition of income is the amount of money received by a person, group or company during a certain period of time.
An example of an income is a $70,000 a year salary.
noun
Gross income minus deductions permitted by the Internal Revenue Code.
Income after all exemptions, exclusions, and deductions.
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Income from routine or everyday activities, such as the operations of a business or the labor of an individual.
Income prior to any exemptions, exclusions, or deductions.
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.
noun
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.
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Income due to a person before death but not collected until afterward.
(archaic) A coming in as by influx or inspiration, hence, an inspired quality or characteristic, as courage or zeal; an inflowing principle.
noun
(archaic) The act or an instance of coming in.
noun
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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.
noun
Other Word Forms
Noun
Singular:
income
Plural:
incomesOrigin of income
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From American Heritage Dictionary of the English Language, 5th Edition
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From Wiktionary