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Income

• The money received from the sale of merchandise or performance of a service

 
 

Follow this link for all the terms related to income.

 
 Embedded terms in definition
 Merchandise
Sale
 
 Referenced Terms
 1099 g: Is a form that reports state Income tax refunds and unemployment compensation to the Internal Revenue Service(IRS).

 1099 misc: Is a form that reports rents, royalties, personal service or profession Income, and other miscellaneous income to the Internal Revenue Service (IRS).

 401 k plan: Is a retirement plan that the employee can set aside a portion of his or her Income. The actual dollar amount is subject to annual change. Benefits of the plan are that it affords portability, reduces the employee's annual gross income for tax purposes, and the employee's contributions are immediately vested. Balances are allowed to grow on a tax-free basis and there are provisions for employer contributions as well.A type of retirement savings plan, used by private firms or nonprofit employers. Also known as a cash-or-deferred.A tax-deferred defined contribution retirement plan offered by an employer.

 Accounting earnings: Earnings of a firm as reported on its Income statement.

 Accumulation: Refers to buying often coincident with market bottoms or consolidations. It also refers to purchases by insiders, control people, or major investors.The value of an individual s savings in an investment fund or deferred annuity until withdrawals or Income payments begin.

 
 Related Terms
 

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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Being busy does not always mean real work. The object of all work is production or accomplishment and to either of these ends there must be forethought, system, planning, intelligence, and honest purpose, as well as perspiration. Seeming to do is not doing. Thomas Alva Edison

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