Ordinary income refers to any income that is not capital gain.
Operating income is how much revenue a company will profit.
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Net income refers to all income minus expenses and taxes.
Ordinary income refers to all income other than capital gain.
Therefore, net ordinary income is income, with the exception of
capital gain, after expenses and taxes are deducted.
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Yes, the income you receive will be taxed as ordinary
income.
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Of course it is. It is income from the employer and thus will be
taxes as ordinary income.
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"Ordinary income" means all income except capital gains.
Social Security is only deducted from covered wages and
self-employment. It is not deducted from interest, rents,
royalties, pensions, and other types of ordinary income.