Earned Income

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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in classic literature ?
A woman who earned eighteen hundred dollars a year was worth looking at.
A sentiment of keen pleasure accompanied this first effort to earn my own living--a sentiment neither poisoned nor weakened by the presence of the taskmaster, who stood and watched me for some time as I wrote.
It would have taken him three months and longer on the sea to earn a similar amount.
He has reduced himself to poverty, and intends to go to sea again to earn a living."
"We've got the ranch and each other," he told his wife, "and I'd sooner ride with you to Hood Mountain any day than earn forty dollars.
Any man that is intimated by his wife because she earns more has serious ego issue.
'The issue of some people earning minimum wage and others earning maximum wage where a senator earns N14 million monthly is unacceptable.
Across the UK a full-time male worker typically takes home PS31,834 a year, while his female counterpart earns just PS26,103.
"YES, I WOULD DATE OR MARRY A WOMAN WHO EARNS MORE THAN ME AS LONG AS THERE IS LOVE AND RESPECT," was a common comment given by men interviewed by Sister on this topic.
When a woman starts out on her career, between the aged of 18-21, her typical wage is PS8,033, whereas a man earns around PS10,826.
When a woman starts out on her career, between the ages of 18 and 21, her typical wage is PS8,033, whereas a man earns around PS10,826.
* Ten years out of college, the average woman earns only 69 percent of what the average man earns, a widening gap that suggests gender discrimination effects are cumulative, according to the AAUW.