From Longman Business Dictionaryearned incomeˌearned ˈincome [uncountable]ECONOMICS money that you earn from work that you do, for example wages from your job or profit from your business. Earned income is usually taxed at a different rate to UNEARNED INCOMEYour pension is taxable as earned income. → income Show
Examples of earned incomeearned income The voluntary pension insurance fees or transfers to a personal pension account are credited in earned income taxation up to 5000 per year. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. An earned income taxes of one-half of 1 percent of income yields a revenue of approximately $1.8 million. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These plans allow for tax sheltered (or pre-tax) contributions of earned income directly to tax sheltered savings accounts. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Rental/admission fees accounted for 72% of earned income in 2011, nearly three times the average for an art museum. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. For such a tax, the exemption only can be paid after knowing the earned income. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Generally, the contribution can not exceed your earned income for the year in question. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. To be eligible, one must meet the earned income minimum requirement. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Low-income households are most affected by expiring expansions of the child tax credit and earned income tax credit. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Earned income, defined in 911 (d) (2), is exempt from the kiddie tax provision. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. For married taxpayers, expenses are limited to the earned income of the lower-earning spouse. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. This shows grade level based on the word's complexity. This shows grade level based on the word's complexity. noun income from wages, salaries, fees, or the like, accruing from labor or services performed by the
earner.
QUIZ WILL YOU SAIL OR STUMBLE ON THESE GRAMMAR QUESTIONS? Smoothly step over to these common grammar mistakes that trip many people up. Good luck! Question 1 of 7 Fill in the blank: I can’t figure out _____ gave me this gift. First recorded in 1880–85 early wood, earmark, ear-minded, earmuff,
earn, earned income, earned run, earned run average, earner,
earnest, earnestly Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022 How to use earned income in a sentence
British Dictionary definitions for earned incomenoun income derived from paid employment and comprising mainly wages and salaries Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 What qualifies as earned income?Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own.
What is the difference between income and earned income?Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
What are the six types of earned income?Examples of earned income include hourly wages, salaries, tips, and business sales. Earned income should not be confused with unearned income such as interest and dividends from investments, pensions, Social Security payments, alimony, and child support.
What is earned income vs taxable income?Earned income includes all the taxable income and wages you get from working or from certain disability payments. Taxable earned income includes wages, salaries, tips, and other taxable employee pay. It can also include union benefits and long-term disability benefits received prior to retirement age.
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