earned income

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Related to earned: Earned income credit

Earned income

Compensation earned from employment, which includes wages, salary, tips, and compensation.

Earned Income

Income from salaries, wages, commissions, tips, bonuses, and any other source related to the work one does. Earned income specifically excludes income from investments. Earned income is taxed at one's regular income tax rate. See also: Marginal tax rate.

earned income

Individual income, such as commissions, salaries, and bonuses, that is derived as compensation for personal services. Compare unearned income.

Earned income.

Earned income is pay you receive for work you perform, and includes salaries, wages, tips, and professional fees.

Your earned income is included in your gross income, along with unearned income from interest, dividends, and capital gains. If you have earned income, you're eligible to contribute to an individual retirement account (IRA).

earned income

that part of a person's income earned from employment or self-employment (WAGES, SALARIES, FEES. COMMISSIONS and PROFITS). By contrast unearned income derives from the ownership of assets (interest and dividends from investment, rents from property, etc.) or can take the form of unemployment benefits, old age pensions, etc. See INCOME.

earned income

the return accruing to LABOUR for work done. The distinction between earned and unearned INCOME is made by the INLAND REVENUE for ease of assessment and collection of INCOME TAX. Earned income comprises WAGES, SALARIES, FEES, COMMISSION and PROFITS attributable to sole proprietors and partners within partnerships. Unearned income, by contrast, is primarily the return accruing to NATURAL RESOURCES and CAPITAL in the form of rental income, DIVIDENDS or INTEREST received. Earned income is generally taxed progressively, commencing with a tax-free income band and progressively increasing the rate of TAXATION in predetermined bands of income as income increases.

The distinction between earned and unearned income is not a valid one in economics as all FACTORS OF PRODUCTION can be said to ‘earn’ income. Even from the taxation authorities'view, the distinction has been controversial, the argument being put forward that unearned income is the result of investing from the SAVINGS of income previously earned. See INCIDENCE OF TAXATION, PROGRESSIVE TAXATION.

Earned Income

Earned income is income for services rendered as distinguished from income generated by property or other sources. Earned income includes amounts received as wages, tips, bonuses, other employee compensation, and self-employment income, whether in the form of money, services, or property. The definition of earned income is not the same for all income tax provisions. For example, alimony is treated as earned income only for purposes of determining how much an individual can contribute to an IRA.
References in periodicals archive ?
Never before has our industry had the ability to understand the earned media audience in the same manner as the paid media audience, said Greg Williams, MediaMath co-founder and SVP, business development.
For more information on the section 911 changes, see "The Post-TIPRA Foreign Earned Income and Housing Exclusions for Individuals" by Howard Godfrey and Neil A.
With very limited exception, compensation earned by employees of commercial enterprises, government contractors and civilian employees of the Federal government (including civilian employees of the Armed Forces) are not entitled to exclude earnings related to duty in a combat zone from taxable income; see Sec.
Born in Birmingham, Alabama, Landgrebe earned his B.
In this case, the taxpayer's employer had an unwritten policy that permitted frequent-flier miles earned for business travel to be retained by its employees.
OBRA eliminated deductions for work-related expenses including daycare and gave no incentive for earned wages.
And that's only after plowing through the Earned Income Credit workbook in all 36 pages of its mind-numbing glory.
As already discussed, the Section 1619(a) incentive allows a special cash payment to SSI recipients while employed and Section 1619(b) provides extended medical coverage to those employed, even though earned income becomes high enough to cause SSI cash payments to stop.
In contrast to 1989, earned income for 1990 and future taxation years no longer includes pension or superannuation benefits, retirement allowances or death benefits.
Durbin adds, "In recent years, Earned Value Management has seen an increased level of interest, both with federal contractors and within federal agencies.
Silver elite is awarded for booking three roundtrips in First or Envoy Class; Gold is earned after six roundtrips.