- money that is being earned by the business. Glossary of Business Terms
* * *income in‧come [ˈɪŋkʌm, ˈɪn-] noun1. [countable, uncountable] money that you earn from your job or that you receive from investments:
• The family pays more than 50% of its income in rent.
• Transferring interest from a deposit account can provide you with a regular income from your savings.
• People on low incomes will be getting some help to pay their fuel bills.acˌcrued ˈincome[uncountable] ACCOUNTING the total amount of money earned by a company during a particular accounting period, whether paid or still owed to themˌannual ˈincome[uncountable] ACCOUNTING the total amount of money earned or obtained by a business, organization, country etc during a year:
• This is the first fall in the company's annual income for five years.
• Business travellers provided a fifth of the country's annual income before the war.deˌferred ˈincome[uncountable] ACCOUNTING income relating to things that will be done in the future for which payment has already been received:
• Included in deferred income is £14 million which relates to a pre-payment received under a contract for sale of gas.disˌcretionary ˈincome[uncountable] ECONOMICS income that you can spend on things that are not completely necessary for living:
• White-collar employees are usually furniture stores' best customers because they have the most discretionary income.disˌposable ˈincome[uncountable] ECONOMICS income that is available for someone to spend or save after they have paid tax and paid for the things that they need such as accommodation and food:
• People have more disposable income now that the economy is healthier.ˌearned ˈincome [uncountable] ECONOMICSmoney that you earn from work that you do, for example wages from your job or profit from your business. Earned income is usually taxed at a different rate to unearned income:
• Your pension is taxable as earned income.2. ACCOUNTING money that a company makes from its activities, after taking away some costs. Companies calculate their income in different ways according to the accounting system they use and the type of business they are in:
• The casino reported income of $21.8 million on revenue of $269 million.the total income after other costs have been taken away - used when calculating the amount of tax that you have to pay in the USˌfixed ˈincome [countable, uncountable] FINANCE
• widows, retirees and others living on fixed incomesˌgross ˈincome[countable, uncountable] ACCOUNTING the total amount of income received before taking off tax, expenses etc:
• Traditionally, management commission rates have ranged from 15 to 25 percent of the band's gross income.inˈvestment ˌincome[uncountable] FINANCE income from investments in the form of interest, dividend S etc, rather than income from your job or a company's income from its normal operating activities:
• In addition to his investment income, Mr. Alexander earned $303,072 last year.ˈmoney ˌincome[uncountable] ECONOMICS people's income in the form of money, rather than Benefits In Kind etc:
• The difference in real income between the university graduates and other groups is greater than those shown by money income alone, because of better fringe benefits.ˌnational ˈincome [countable, uncountable]ECONOMICS the value of all the goods and services sold in a country in a particular period of time, usually a year:
• The country spends a low percentage of its national income on health.ˌnet ˈincome [countable, uncountable]1. TAX the amount of income left after paying tax, costs etc:
• Are your monthly credit payments more than 15–20 percent of your net income?2. [countable, uncountable] ACCOUNTING TAX the amount of income that a company has after paying costs and tax; = NET PROFIT:
• The group had third-quarter net income of $483,000 on revenue of $15.1 million.ˈoperating ˌincome[countable, uncountable] ACCOUNTING income from a company's normal operating activities, not including exceptionals:
• Theme parks are responsible for 60% to 65% of Disney's operating income.per-ˌcapita ˈincome[countable, uncountable] ECONOMICS the income of a country, its GDP divided by the number of people living there. This shows how rich or poor the people are on average:
• Africa's per-capita income fell by a quarter in the 1980s.ˌpersonal ˈincome[countable, uncountable] the income of a person, rather than of a government, organization, or company:
• Personal incomes are falling as unemployment rises.ˈpremium ˌincome [uncountable]INSURANCE income that an insurance company gets from people and organizations paying for insurance:
• Premium income from life insurance rose 8.5%.ˌprivate ˈincome [countable, uncountable] FINANCEmoney that someone gets from investments rather than from working:
• The government has promised to lower taxation on private income.ˌpsychic ˈincome also ˈpsych pay[uncountable] HUMAN RESOURCES something apart from money that you get from your job, and which gives you emotional satisfaction such as a feeling of being powerful or important.ˌreal ˈincome[countable, uncountable] ECONOMICS someone's income measured over a period of time in relation to what they can buy with it, after taking rising prices into account:
• Most middle-income people here have had their taxes go up and their real incomes down.ˌtaxable ˈincome[countable, uncountable] TAX the amount of income used as a basis to calculate tax after taking away allowance S, deduction S etc from gross income:
• Someone with a taxable income of $90,000 has, on average, a gross income of $125,000.ˌtax-exempt ˈincome also ˌtax-free ˈincome[countable, uncountable] TAX a part of personal income on which you do not have to pay income tax:
• His tax return shows that he earned $217,000 in taxable and tax-exempt income last year.
• A unit investment trust generates tax-free income from interest over the life of the trust.ˌunearned ˈincome
• a high tax on unearned incomeˌunreported ˈincome[uncountable] TAX income that someone does not show in their tax return, in order to avoid paying tax on it:
• The country's GNP is underestimated by as much as 40% because of unreported income in the black market.
* * *Money earned from investments, earnings or employment. Income Statement ► See Profit and Loss Account. Income Stock ► See Blue Chip Stock.
* * *income UK US /ˈɪŋkʌm/ noun [C or U] ECONOMICS, FINANCE, ACCOUNTING, WORKPLACE► money earned by a person, company, government, etc. over particular period of time: an income of »
To qualify, you must have an income of $24,000 or less.earn/have/receive (an) income »
Your hobby could become a part-time way of earning income.generate/provide (an) income »
Some 40,000 farm families generate income from apple growing.income from/on sth »
More than 35% of personal revenue came from income on earned interest-bearing accounts.»
annual/monthly/quarterly incomeafter-tax/pre-tax/post-tax income »
We were pleased to see revenues and pre-tax income improve for the second consecutive quarter.»
a high/low income»
a regular/steady income»
She received rental income of about £12,000 a year from the property.»
For many students, summer jobs are their source of income for the upcoming school year.→ See also ACCRUED INCOME(Cf. ↑accrued income), ADJUSTED GROSS INCOME(Cf. ↑adjusted gross income), AVERAGE INCOME(Cf. ↑average income), CORPORATE INCOME TAX(Cf. ↑corporate income tax), DEFERRED INCOME(Cf. ↑deferred income), DISCRETIONARY INCOME(Cf. ↑discretionary income), DISPOSABLE INCOME(Cf. ↑disposable income), DIVIDEND INCOME(Cf. ↑dividend income), EARNED INCOME(Cf. ↑earned income), EXPENDABLE INCOME(Cf. ↑expendable income), FEDERAL INCOME TAX(Cf. ↑federal income tax), FEDERAL TAXABLE INCOME(Cf. ↑federal taxable income), FIXED-INCOME(Cf. ↑fixed-income), GROSS INCOME(Cf. ↑gross income), HIGH-INCOME(Cf. ↑high-income), INDIVIDUAL INCOME TAX(Cf. ↑individual income tax), INVESTMENT INCOME(Cf. ↑investment income), LOW-INCOME(Cf. ↑low-income), MIDDLE INCOME COUNTRY(Cf. ↑middle income country), MONEY INCOME(Cf. ↑money income), NATIONAL INCOME(Cf. ↑national income), NEGATIVE INCOME TAX(Cf. ↑negative income tax), NET INCOME(Cf. ↑net income), NET OPERATING INCOME(Cf. ↑net operating income), OPERATING INCOME(Cf. ↑operating income), PERSONAL INCOME(Cf. ↑personal income), PERSONAL INCOME TAX(Cf. ↑personal income tax), PREMIUM INCOME(Cf. ↑premium income), PRIVATE INCOME(Cf. ↑private income), PSYCHIC INCOME(Cf. ↑psychic income), REAL INCOME(Cf. ↑real income), RESIDUAL INCOME(Cf. ↑residual income), SALES INCOME(Cf. ↑sales income), STATE INCOME TAX(Cf. ↑state income tax), TAXABLE INCOME(Cf. ↑taxable income), TAX-EXEMPT INCOME(Cf. ↑tax-exempt income), TRANSFER INCOME(Cf. ↑transfer income), UNEARNED INCOME(Cf. ↑unearned income), UNREPORTED INCOME(Cf. ↑unreported income)
Financial and business terms. 2012.