income


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Related to income: income statement, net income

income

1. the amount of monetary or other returns, either earned or unearned, accruing over a given period of time
2. receipts; revenue
References in periodicals archive ?
When Congress passed a primitive income tax bill in 1862, Lincoln's defiant treasury secretary, Samuel Chase, ignored the law, preferring to fund the war through more government borrowing (sound familiar?
However, when income allocated from the limited partnership is effectively connected with a trade or business within the U.
Under sections 863(d) and (e), the source of income is determined generally with reference to the residence of the taxpayer.
The report also shows that an additional 18,000 Americans with high incomes paid less than 5 percent of their income in taxes.
If Mary establishes an income trust to take control of the income she receives that is in excess of the Medicaid cutoff, she can qualify for Medicaid.
Because the credit characteristics of different groups of borrowers vary, the underwriting standards of institutions can potentially affect the distribution of mortgage borrowers across income groups, race and ethnic categories, and neighborhoods.
The movement for the sales tax must reject any deal that allows the income tax to survive even at one-half of 1 percent.
Because the kiddie tax is imposed only on unearned income in excess of $1,700, unearned income below that threshold is taxed at the child's rate.
For this reason the NIMCRUT is perhaps the most popular type of charitable remainder trust, since it allows for the deferral of income to later years, much like a deferred-income retirement plan, and still allows the trustee to maximize the payout amount.
While this is not entirely surprising given the current retirement landscape--seismic shift from defined benefit plans to defined contribution plans among employers, volatile capital markets, and growing attention on Social Security solvency and potential reform--the retirement income market today remains a largely untapped opportunity and an underserved need.
gross income does not include the rental allowance paid to him as part of compensation to the extent used by him to rent or provide a home and to the extent such allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.