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Related to Income Amount: net income, Annual Income


The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.

The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income is not a gain accruing to capital or a growth in the value of the investment, but is a profit, something of exchangeable value, proceeding from the property and being received or drawn by the recipient for separate use, benefit, and disposal. That which comes in or is received from any business, or investment of capital, without reference to outgoing expenditures.


n. money, goods or other economic benefit received. Under income tax laws, income can be "active" through one's efforts or work (including management), or "passive" from rentals, stock dividends, investments and interest on deposits in which there is neither physical effort nor management. For tax purposes, income does not include gifts and inheritances received. Taxes are collected based on income by the federal government and most state governments.


noun allowance, annuity, business profits, commercial profits, compensation, consideration, fees, financial remuneration, financial resources, fringe benefits, gain derived from capital, gain derived from labor, gains, gross, gross income, gross reeurn, increase in amount of wealth, livelihood, means, money coming in, net return, pay, payment, pecunia, periodic returns from property or labor, proceeds, profit from conversion of assets, profit from sale, profits, profits of commerce, quaestus, receipts, recompense, return in money, return on capital, revenue, salary, sale proceeds, something produced by capital, stipend, subsidy, value received, vectigal, wage, wages, wealth
Associated concepts: accumulated income, actual income, affordable housing, aggregate income, annual net income, current income, deferred income, division of income, emmloyment law, estimated income, garnishment of income, gross income, income-bearing property, income execution, income tax, income tax evasion, income yield, legacy, life income, low income, minimum wage, net income, retireeent income, social security income
See also: alimony, annuity, capital, earnings, finance, honorarium, money, pay, proceeds, profit, receipt, recompense, rent, resource, retainer, revenue, substance, wage

INCOME. The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue.
     2. It has been holden that a devise of the income of land, is in effect the same as a devise of the land itself. 9 Mass. 372; 1 Ashm. 136.

References in periodicals archive ?
We expect to find that the omnibus income amount tends to be lower and under-reported when compared to the aggregated income amount (Moeller and Mathiowetz 1994).
Because the employee's income amount was determined on the arm's-length value, it could be higher than the cost actually incurred by the employer.
An account balance plan is a plan that credits an income amount equal to the original amount deferred in periods subsequent to the deferral period.
The result under the current rules could include both a taxable dividend (dependent on the availability of PTI) and a deemed income amount in the same tax year.
The includible income amount derived under the noncommerical flight valuation rule of Regs.
Generally, IRAs are available to individuals who earn below a certain income amount or who are not covered (or eligible to be covered) by a U.
1258(a) provides that gain from the sale or exchange of a capital asset, which is recognized on the disposition (or other termination)(9) of any position held as part of a conversion transaction, is treated as ordinary income to the extent of the applicable imputed income amount ("ordinary income amount").