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 ?
Between 2018 Q4 and 2019 Q1 Louisiana personal income grew at a seasonally adjusted annual rate of $2.09 billion to $216.3 billion between 2018 Q4 and 2019 Q1.
Earnings were a driving factor behind Arizonas personal income gains.
Investors in Taiwan have the highest retirement savings, with personal income set aside good for 4.5 years.
The 3.5 percent rate of growth in personal income was the 13th highest in the nation and the fastest in New England, according to BEA statistics.
The Aa1 rating on the State Personal Income Tax Revenue Bonds reflects the strength of New York's personal income tax revenue base, very strong coverage of debt service, and a strong bond payment mechanism.
In January, personal income increased USD 41.3 billion, or 0.3 percent, DPI increased USD 40.3 billion, or 0.3 percent, and PCE increased USD 20.0 billion, or 0.2 percent, based on revised estimates.
A relation between personal income growth and growth systematic risk has several implications.
The chart shows personal wages as a percentage of personal income in the United States, with the national average as the baseline.
Lane County's 5.5 percent growth in per capita personal income from 2005 to 2006 was on par with the statewide increase of 5.4 percent and the national increase of 5.6 percent.
The BEA uses three components to determine personal income: employment earnings, transfer payments (government payments made to individuals), and investment income (dividends, interest, and rent).
Over the past five years, personal income as a fraction of GDP has fallen fairly steadily from a high of nearly 87 percent to slightly over 82 percent.
The following are federal provisions to which California does not conform for personal income, corporate income and franchise tax purposes:

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