income

(redirected from High income)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

Income

The money a person makes from labor, investment, or any other source, especially in the course of a year. Receiving income is the goal of all commerce. It is usually taxed by the government. See also: Income tax.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

income

money received by individuals, firms and other organizations in the form of WAGES, SALARIES, RENT, INTEREST, COMMISSIONS, FEES and PROFIT, together with grants, unemployment benefit, old age pensions, etc. See EARNED INCOME, DISTRIBUTION OF INCOME.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

income

money received by individuals and firms in the form of WAGES, SALARIES, RENT, INTEREST, PROFIT, etc., together with unemployment benefit, old age pensions, etc. In microeconomic analysis, the term ‘income’ is used specifically to refer to the flow of returns over a period of time from providing FACTORS OF PRODUCTION (NATURAL RESOURCES, LABOUR and CAPITAL) in the form of rent, wages and interest/profit, respectively. In macroeconomic analysis, the term NATIONAL INCOME is used to refer to the aggregate income of a country from rents, wages, interest and payments, excluding TRANSFER PAYMENTS (unemployment benefit, old age pensions, etc.).

More generally, from the point of view of the individuals concerned, any money received counts as income (whether it be from providing factors of production or takes the form of an old age pension, unemployment benefit or other transfer payment). Any such FINAL INCOME is an important determinant of an individual's spending capabilities in the THEORY OF DEMAND. See CIRCULAR FLOW OF NATIONAL INCOME MODEL, DISPOSABLE INCOME, FUNCTIONAL DISTRIBUTION OF INCOME, PERSONAL DISTRIBUTION OF INCOME.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

income

(1) For IRS purposes, income is never precisely defined, but it apparently includes all moneys received from any sources unless specifically excluded by some IRS Code provision. (2) In business, all the revenues derived from the business, less all expenses. Many people use the word income interchangeably with revenues,but revenue implies a gross figure without deductions,and income implies an amount after expenses.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Income

The word "income," in its broad sense, is the gain derived from capital, labor, or a combination of the two. It is distinguishable from the capital itself. Ordinarily, for income tax purposes, the word "income" is not used alone. Rather it is used within such descriptive terms as gross income, taxable income, and adjusted gross income, all of which are defined elsewhere in this glossary.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
BMO UK High Income declared a dividend of 5.04 pence per share, up 3.3% from 4.88p the year before.
Tyneside-based chartered surveyors Smith Cole Wright acquired the property on behalf of Close High Income Properties.
First, the underpayment penalty g increases the benefits of tax evasion for a taxpayer with high income and a low prepayment because successful tax evasion evades both tax and the interest on the underpayment.
It seeks to provide high current income and invests in a diversified portfolio of high income producing fixed-income securities.
Ivy High Income Opportunities Fund's investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
High income taxpayers should reconsider filing seprate returns in light of the new law requiring taxpayers to reduce certain itemized deductions by 3% of AGI.
Formerly Putnam High Income Securities Fund, PCF is a diversified closed-end management investment company.
Swank Capital, LLC and Cushing Asset Management, LP said after the markets close on January 8, 2016, they plan to rebalance the Cushing MLP High Income Index as part of normal index operations.
"This was an important victory for landlords because an unfavorable ruling could have jeopardized the entire high income decontrol movement," asserted Metz.
Of the taxable funds, Pioneer Diversified High Income Trust (HNW) will pay a dividend of USD0.0950 per share, Pioneer Floating Rate Trust (PHD) will pay USD0.0625 per share and Pioneer High Income Trust (PHT) will pay a dividend on USD0.0675 per share.
29 August 2016 - US-based closed-end management investment companies Western Asset Managed High Income Fund Inc.

Full browser ?