personal income

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Personal income

Total income received from all sources, including wages, salaries, or rents, and the like.

Personal Income

A regular compensation that an individual receives in the form of salary, wages, tips, rents, and/or other sources. An individual earns personal income in order to pay for personal expenses, such as one's mortgage, debt service, groceries, and so forth. Personal income is necessary for an economy to function. Most governments tax personal income differently from both corporate income and investment income.

personal income

The pretax income of individuals and unincorporated businesses. Personal income is an inferior measure of the economy compared with disposable income; however, personal income is easier to compute and is made available on a monthly basis, while disposable income is calculated on a quarterly basis.
References in periodicals archive ?
Per capita personal income (PCPI) which divides personal income among all the state residents, is often used as a measurement tool of the relative economic position of areas.
Disposable Personal Income and Per Capita Disposable Personal Income
Disposable personal income (DPI) excludes nontax payments such as tuition, donations, and fees paid to government-operated schools and hospitals.
As shown in Table 5, South Dakota's disposable personal income (DPI) represented a larger percentage of total personal income (TPI) than it did for the U.
Among the Plains States, South Dakota, Iowa, and North Dakota had the lowest per capita disposable personal income (PCDPI) in 1999 as noted in Table 6.
Table 8 includes annual estimates of personal income by source and earnings by industrial source from 1997-1999.
Table 9 includes estimates of total personal income (TPI) and per capita personal income (PCPI) for counties, metropolitan and nonmetropolitan areas and the State for the years 1996, 1997, and 1998.
Personal income for the metropolitan counties increased 6.
Among the Plains States, South Dakota and North Dakota had the lowest per capita disposable personal income (PCDPI) in 1998 as noted in Table 6.
Table 8 on page 13 includes annual estimates of personal income by source and earnings by industrial source from 1996-1998.
Table 9 on page 14 includes estimates of total personal income (TPI) and per capita personal income (PCPI) for counties, metropolitan and nonmetropolitan areas and the State for the years 1995, 1996 and 1997.

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