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personal income

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Personal Income

An individual's total annual gross earnings coming from wages, business enterprises and various investments.

Notes:

Personal income is also known as your "before-tax income" and is used in calculating an individual's adjusted gross income for income-tax purposes.

Personal income

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

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.

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