These sample phrases are automatically selected from various online information sources to reflect the current use of the word “income.” The views expressed in the examples do not represent the views of Merriam-Webster or its editors. Send us your feedback. Nglish: Income Conversion for Spanish Speakers Most of the income comes from the work you`ve done, although the money you make from an investment can also be called income. Any financial gain or profit you make falls into the category of income because you earn that money, whether through work, luck, or intelligence. The Proto-Germanic root *aznon means “to do the work of harvesting”. Income is the amount of money you earn from a job. You`ll be much more excited about babysitting when you learn that your income will be more than generous. “Income”. Merriam-Webster.com Dictionary, Merriam-Webster, www.merriam-webster.com/dictionary/earnings. Retrieved 14 October 2022. n.

Money, property or other economic benefit received. Depending on income tax laws, income from one`s own efforts or work (including management) may be “active” or “passive” from leases, stock dividends, investments and interest on deposits in which there is no physical effort or management. From a tax point of view, gifts and inheritances received are not included in income. Taxes are levied on an income basis by the federal government and most state governments. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. This term is used to refer to a larger category of loans than would be included in the term “wages”. Somers v. Keliher, 115 mass. 105; Jenks v. Färber, 102 Mass.

235.The person`s profits derived from his services or work without the aid of capital. Braun v. Hebard, 20 Wis. 330, 91 Am. Dee. 408; Iloyt v. Weiss, 40 N. H. 48.