ordinary income

(redirected from Regular Income)

Ordinary income

The income derived from the regular operating activities of a firm or individual.

Ordinary Income

In taxation, income from wages or salaries, interest, or commissions. Ordinary income is received in the short-term; for example, one usually receives a paycheck every two weeks or interest on a bond a few times per year. Ordinary income differs from capital gain, which is income from investment and is usually realized over a longer period of time. Most ordinary income is taxed at a higher rate than capital gain, so as to encourage long-term investment. In the United States, dividends were taxed as ordinary income, but this changed in 2003. One may think of ordinary income as income from one's job and/or standard business transactions.

ordinary income

Income that does not qualify for special tax treatment. Wages, dividends, and interest are ordinary income.

ordinary income

Income subject to full or ordinary taxation rates. Contrast with capital gains.
References in classic literature ?
Douglas says that no one can be considered as possessing a regular income.
Regular Income is another selection who has had problems at the start.
The first and only UITF of its kind in the local industry, the MUPF is designed as an investment that not only provides potentially better returns but also pays out regular income on a quarterly basis.
All taxpayers (individuals and entities) can be subject to this tax, but it only affects a taxpayer whose regular income tax liability is less than the Tentative Minimum Tax (TMT).
They said Pakistan Post is offering services of Saving Bank Ordinary Accounts, Special Savings Accounts, Defence Savings Certificates, Special Saving Certificates and Regular Income Certificates.
3bn was put into nearly 22,000 regular income products, more than half of them income drawdown products rather than annuities.
Dubai: UAE consumers are more optimistic about employment and regular income in 2014 compared with the previous year, according to MasterCard's Consumer Confidence Index released on Monday.
Consumers are most optimistic about Regular Income (86.
The policyholder with this plan will get guaranteed regular income payouts with a choice to choose the frequency of the payout (Quarterly, Semi Annual or Annual), as well as a guaranteed lump sum amount at maturity.
Each addresses a distinct need in the customers' life-cycle including retirement, wealth creation and regular income.
The Congo Coffee Revival Project has assisted in making coffee a viable crop for farmers, providing a regular income to families and young people.
Respondents were asked about their six- month outlook on five economic factors including employment prospects, the economy, regular income, and present versus anticipated quality of life in 5 years.