0
Income means money which comes to you from whatever source. The income of an individual could include profit from a business, a wage or salary, interest on investments, windfalls, payments from a trust fund, or anything at all. The income of a company could include sales and licensing fees. The income of a government includes direct taxes, indirect taxes, tariffs, licenses, fines and other forms of revenue.
Whether you are an individual, business or government, the amount of your income must exceed the amount of your expenditure in the long term.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is definition of personal income?
An individual's income.
What is best definition of taxable income?
the portion of your income that is eligible for taxation
Best definition of taxable income?
The portion of a persons income that is eligible for taxation
What is the definition of graduated income tax?
The higher your income, the higher percentage you pay.
What is the definition of income?
income is what you can earn including your salary, other suport income like your rental income and some profit payment
Definition of annual income?
is yearly pay.
What is best definition of net income?
"Net income" simply means income minus expenses.
What is the definition of net income?
the amount of paycheck after withholdings
According to Bloomberg what is the definition of a retirement calculator?
The definition of a retirement calculator according to Bloomberg is factoring in your 401k account with your other income and calculating what you will have in terms of income and what you will need.
What is the definition of Turnover as per Income tax Act?
Turnover is not defined in Income Tax Act.Correct me if i am wrong.
Is there income tax on money received from a trust?
Yes, this is included in the IRC's very broad definition of "income".
What is the Definition of direct income and indirect income?
Money that is received straight to the recipient over a period of time.
