noun money received, especially on a regular basis, for work or through investments
Income is the amount of money that an individual or business earns from various sources, such as wages, investments, or sales.
Income is a key factor in measuring the economic well-being of individuals and households, and is often used in studies of income inequality and poverty.
Income is recorded on financial statements as revenue, which represents the money earned by a company from its operations.
Income is a crucial concept in taxation, as it determines the amount of taxes that an individual or business owes to the government.
Income is an important consideration in personal financial planning, as it determines an individual's ability to save, invest, and achieve financial goals.
Income for a writer may come from book sales, freelance writing projects, royalties, and speaking engagements.
Psychologists earn income through private practice, research grants, teaching positions, and consulting services.
Software engineers receive income from salaries, bonuses, stock options, and freelance projects.
Real estate agents earn income through commissions on property sales, rental transactions, and property management fees.
Financial advisors generate income from fees, commissions, and asset-based charges for managing clients' investments and financial portfolios.