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Passive Income vs. Residual Income: What's the Difference?
Passive income is earned with little to no effort whereas residual income is passive income with different meanings depending on the context.
Net Income vs. Adjusted Gross Income (AGI): What's the Difference?
Learn about the differences between adjusted gross income (AGI) and net income, two terms that are sometimes synonymous but can be used differently.
Taxable Income vs. Gross Income: What's the Difference?
Gross income is all sources of taxable income, but you're not taxed on all of it. You can take certain deductions to arrive at your taxable income, which determines your tax rate or bracket.
Operating Income vs. Net Income: What's the Difference?
Operating income and net income both show the income earned by a company, but they are two very different ways of expressing a company's earnings.
The Difference Between Gross Income vs. Earned Income
The difference between earned income and gross income is an important one come tax time. Find out how the IRS uses both to determine your final tax liability.
State Income Tax vs. Federal Income Tax: What's the Difference?
State and federal income tax rules can vary in terms of tax rates, allowable deductions, and the types of income that are subject to tax.
Understanding Earned Income and the Earned Income Tax Credit
Earned income includes wages, salaries, bonuses, commissions, tips, and net earnings from self-employment.
Personal Income Definition & Difference From Disposable Income
Personal income is the total compensation from several sources collectively received by all individuals or households in a country.
What Is Discretionary Income? How to Calculate, With Example
Discretionary income and disposable income help measure consumer spending. Discretionary income calculations are key factors in student loan repayment plans.
The Long, Weird History of Universal Basic Income.
Read our detailed history and learn why the old dream of a universal basic income is back on the minds of the public, politicians, and others.