What is income give example?

What is income give example?

The definition of income is the amount of money received by a person, group or company during a certain period of time. An example of an income is a $70,000 a year salary. noun.

Can income be a verb?

Your income might come from many sources — salary, investments, interest or annuities. Today income is used as a noun, but the Old English word incuman was first a verb that meant “to come in,” and referred to the money earned through one’s labor or business dealings.

How do you use gross income in a sentence?

Examples of ‘gross income’ in a sentence gross income

1. Practices received considerable increases in gross income – 1,000 million in payments a year.
2. Above that, they would pay 9 per cent of their gross income.
3. The website takes commission from gross income earned.
4. Peopleperhour takes 10% of any gross income made.

What do mean by income?

Income is money that a person or a business receives in return for working, providing a product or service, or investing capital. A person’s income may also derive from a pension, a government benefit, or a gift.

What word means income?

salary, take-home pay, tips, wages.

How do you describe income?

Income is the money that people and businesses receive in exchange for working, producing a product or service, or investing capital. Some derive income from pensions and government programs. Businesses earn income from selling their goods or services for a price that exceeds their cost of production.

How do you use net income in a sentence?

the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).

1. Net income plummeted to USD 3.7 million.
2. Net income on the pasture is ￡2450 per year.
3. The most revealing numbers are the net income.
4. Also, some people do deals on the net income.

What is meant by earned income?

For the year you are filing, earned income includes all income from employment, but only if it is includable in gross income. Examples of earned income are: wages; salaries; tips; and other taxable employee compensation. Earned income also includes net earnings from self-employment.

What is earned income definition?

Which is an example of income in a sentence?

Examples of income in a Sentence. Any income from investments must be reported. Farming is his main source of income. Even on two incomes, we’re having a hard time keeping up with our bills.

What is the legal definition of an income?

Legal Definition of income. : a gain or recurrent benefit usually measured in money that derives from capital or labor also : the amount of such gain received in a period of time an income of $20,000 a year. Keep scrolling for more. Comments on income. What made you want to look up income?

How to use per capita in a sentence?

As a proportion of per capita income, legislative income peaked in most states in 1961. Increases in national per capita income, as well as the massive influx of foreign visitors, stimulated the development of tourism. The effect of development aid is to permanently increase per capita income, by increasing productivity.

Which is the best definition of gross income?

Gross income is income before taxes or adjustments. In the accounting world, gross income is usually the same thing as gross profit (that is, revenue minus cost of goods sold). So let’s assume restaurant chain XYZ sold $1 million worth of food last year. The cost of that food was $330,000.