Earned Income

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Also found in: Dictionary, Financial.

Earned Income

Sources of money derived from the labor, professional service, or entrepreneurship of an individual taxpayer as opposed to funds generated by investments, dividends, and interest.

Wages, salaries, and fees are types of earned income that, if below a statutorily determined amount, entitle a taxpayer to a reduction of Income Tax liability.

See: earnings
References in periodicals archive ?
women] have capacities superior to men with regard to earned income activities.
The practical result of these effects is that Serbian households are able to devote larger shares of their time to earned income activities than their Albanian counterparts.
The average Kosovar man devotes 57 percent of his time to earned income activities (i.