BNET Business Dictionary
Business Definition for: Income
- money received by a company or individual
- money received from savings or investments, for example, interest on a bank account or dividends from stock. This is also known as unearned income.
- money generated by a business
Wiktionary Definition for: Income
- italbrac or uncountable money Money one earns by working or capitalise capitalising off other people's work.
Additional Resources
- The Income Statement And Measures Of Performance
- Income is the returns that individuals get in the organization in lieu of their services for the organization. There are different perspectives to income. It can be seen as a measure of performance for the employees. The income statement contains details about different sources of income to the organization because...
- Presentations 2003-01-01
- One Income Calculator
- This tool can help you calculate the net income you receive for your work and how much you actually add to the family income after all work-related expenses have been deducted from your gross income.
- Tools & templates 2008-01-01
- Earned Income Credit (EIC) Calculator
- Earned Income Credit EIC is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this tool to...
- Tools & templates 2008-01-01
- Income Statement
- The income statement presents the entity's performance during the current accounting period. The income statement is structured to present the various components of net profit in order to communicate a range of relevant information. Read on to know more about objective of the income statement, information to be presented on...
- White papers 2002-01-01
- Income Statement And Related Information
- The income statement contains details about different sources of income to the organization because of various business transactions. The paper discusses the uses and limitations of the income statement. The steps in preparing the same are also discussed. In this context, the statement of retained earnings is also analyzed.
- Presentations 2003-01-01
- The Looming Retirement Income Crisis: Are You Addressing Your Clients' Greatest Fear?
- Retirement income planning is essential for every professional or working individual. Such planning helps in ensuring that a perennial flow of income is maintained even after retirement. However, studies reveal that majority of pre-retirees do not indulge in retirement income planning. Many of them were not even familiar with the...
- White papers 2004-06-01
- The Long-Run Effects of Trade on Income and Income Growth
- This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model, the hypotheses of no...
- White papers 2003-02-01
- Income Statement Template
- An income statement sometimes called a profit and loss statement lists your revenues and expenses, and tells you the profit or loss of your business for a given period of time. You've probably seen a formal income statement for other businesses or have paid your accountant to prepare one for...
- Tools & templates 2004-03-01
- Assignment Of Income (Contract)
- Transfer and assign your rights to the income under a particular contract with this Assignment of Contract Income. In this form, the party who has the right to receive the income the assignor assigns and transfers the right to receive all present and future contract income to a third party...
- Tools & templates 2007-12-01
- Assignment Of Income
- Transfer and assign your rights to the income under a particular contract with this Assignment of Income template. In this template, the party who has the right to receive the income the assignor assigns and transfers the right to receive all present and future contract income to a third party...
- Tools & templates 2007-12-01
- Concepts Of Income
- Income of an organization is the net revenue earned by the organization minus cost of sales, operating expenses, and taxes, over a given period. Retained earnings refer to the surplus or accumulated earnings of an organization. The paper examines the different approaches and methodologies adopted by organizations to record and...
- Presentations 2003-01-01
- Redistribution Via Taxation: The Limited Role of the Personal Income Tax in Developing Countries
- In developed countries, the income tax, especially the personal income tax, has long been viewed as the primary instrument for redistributing income and wealth. This paper examines whether it makes sense for developing countries to rely on the income tax for redistributive purposes. First, the personal income tax has done...
- White papers 2005-03-08
- Income Statement 1 Year
- An income statement, also known as a profit and loss statement, shows revenue and expense over a period of one year. Along with the balance sheet and the cash flow statement, the income statement is one of the three basic financial statements. This template helps to create an income statement.
- Tools & templates
- Measuring Income To Assess Performance
- Income of an organization is the net revenue earned by the organization minus cost of sales, operating expenses, and taxes, over a given period. The income statement contains details about different sources of income to the organization because of various business transactions. Cash flow statement is the financial document detailing...
- Presentations 2003-01-01
- Diversification In Banking Is Noninterest Income The Answer?
- The U.S. banking industry is steadily increasing its reliance on nontraditional business activities that generate fee income, trading revenue, and other types of noninterest income. This paper assesses potential diversification benefits from this shift. At the aggregate level, declining volatility of net operating revenue reflects reduced volatility of net interest...
- White papers 2002-09-23
- Managing Income During Retirement
- Managing one's income is always important, but it becomes even more critical during retirement, when one's income comes from his savings rather than from wages and earnings. Because the source of income - which one saved so carefully during his working years - is limited during retirement, one needs to...
- White papers 2005-07-25
- Book-Tax Conformity for Corporate Income: An Introduction to the Issues
- This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable income through the year 2000. While the cause of this divergence is not known for certain, many...
- White papers 2005-01-01
- Guide to Disability Income Insurance
- Could an individual continue to pay your bills if he is unable to work for any length of time because of illness or injury? If he were to become disabled, does he know how much money would be coming in each month and from what sources? Some people can rely...
- White papers
- The Rise of Income Inequality in the United States, 1979-2001
- Income inequality is one of the most analytically complex, value-laden, contentious subjects of economic policy. How should income be measured? How should inequality be measured? How much has inequality changed in recent decades, and what explains the changes? What effect did changes in tax policy have on after-tax inequality? This...
- White papers 2006-02-01
- Can One Of You Afford To Quit?
- Before deciding to live on only one income - to take care of children, go back to school or even start a business - a two-income family must consider a number of questions. First, can you afford to quit? Besides the reduction of income, you could face a new set...
- Tools & templates 2008-01-01
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