Income

Filed Under » ,
Dictionary Says

Definition of 'Income'

Economic wealth that is generated in exchange for an individual's performance of agreed upon activities or through investing capital. Income is consumed to fuel day-to-day expenditures.

In businesses, income can refer to a company's remaining revenues after all expenses and taxes have been paid. In this case, it is also known as "earnings".
Investopedia Says

Investopedia explains 'Income'

For the average individual, income is earned through earning wages by working and/or making investments into financial assets. In most countries, the amount of income that an individual receives is taxed by the government before it is received. The revenue generated by income taxes is used to finance government actions and programs as determined by the federal budget.

Articles Of Interest

  1.

    Basic Investment Objectives

    You might know about different asset types, but do you know how each type contributes to a particular goal?

  2. Preparing To Tap Into Retirement Income

    You need to plan ahead to ensure a long and happy future away from the daily grind.

  3. The Beauty Of Budgeting

    Make it to the end of the month, before you run out of money.

  4. Is Your High-Profile Job Worth The Price?

    Certain careers can be prestigious and lucrative, but there are always costs. Find out if they're worth it.

  5. Get A Tax Credit For Your Foreign Investments

    The foreign tax credit provides a break on investment income made and taxed in a foreign country.

  6. A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.

  7. Choosing The Best Disability Insurance

    Social Security benefits can be hard to collect. Find out why you need disability insurance to protect your income, and learn how to choose the right policy for you.

  8. Should The U.S. Switch To A Flat Tax?

    Some countries have begun charging a flat tax rate instead of the gradual tax system of the Western world.

  9. Returning To Work: Is It Right For You And Your Family?

    Returning to the workplace can create some unique stresses. In the end, does the additional income justify the extra expenses?

  10. The Diner's Guide To Tipping

    A look at the standards for tipping service staff in some popular vacation destinations, and the rationale for each custom.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=dbf463d26ebd84caf4b4fc53418af31b