Difference between revisions of "Income"

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'''Income''' is money earned, generally through [[labor]] or [[investment]].  In the United States, income is generally calculated and related in dollars/year.
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'''Income''' - As used in the generic sense, refers to money earned, generally through [[labor]] or [[investment]].  In the United States, income is generally calculated and related in dollars/year.
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'''Income''' - As used in the U.S. Tax Code, refers to federally-connected activities and investments, the value of which is measured by the monetary receipts produced therefrom.  
  
 
[[category:accounting]]
 
[[category:accounting]]

Revision as of 00:05, March 16, 2008

Income - As used in the generic sense, refers to money earned, generally through labor or investment. In the United States, income is generally calculated and related in dollars/year.

Income - As used in the U.S. Tax Code, refers to federally-connected activities and investments, the value of which is measured by the monetary receipts produced therefrom.