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wage
(redirected from Earned income)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
wage
Economics the portion of the national income accruing to labour as earned income, as contrasted with the unearned income accruing to capital in the form of rent, interest, and dividends


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The friend has earned income of $1,500, from which federal income taxes were withheld.
In general, kids who are dependents (who can be claimed on someone else's tax return) must file a tax return if: - they have earned income of $5,700 or higher (this is the standard deduction amount for 2009, the amount for 2008 was $5,450) - they have unearned income (investment income such as interest or dividends from stocks or mutual funds) of $950 in 2009 ($900 in 2008) - they have gross income (both earned and unearned) in excess of the larger of $950 or their earned income plus $300.
21, the Eugene IRS office at 300 Country Club Road will be open to help taxpayers in preparing and electronically filing their federal income tax returns to claim the Earned Income Tax Credit.
 
 
 
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