Earned Income

Earned Income
Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income.

Earned income includes any income that a person or company receives for work they have done. If your boss gives you an advance on your next check, this would be considered unearned income because you haven't yet done anything to earn it.


Investment dictionary. . 2012.

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  • earned income — n: income (as wages, salary, professional fees, or commissions) that results from the personal labor or services of an individual compare unearned income Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • earned income — noun uncount BUSINESS the money that you earn for doing your job, including your salary, expenses, and any other payments ─ compare UNEARNED INCOME …   Usage of the words and phrases in modern English

  • earned income — compensation earned from employment, which includes wages, salary, tips, and compensation. Bloomberg Financial Dictionary * * * earned income earned income ➔ income * * * earned income UK US noun [U] TAX ► money that a person or company receives… …   Financial and business terms

  • earned income — The following types of income are treated as earned income: • income from employment; • income from trades, professions, and vocations; • foreign business profits; • patent and copyright income received by the creator; • a proportion of the… …   Accounting dictionary

  • earned income — income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. Cf. unearned income. [1880 85] * * * …   Universalium

  • Earned income tax credit — The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit. For tax year 2007, a claimant with one qualifying child can receive a maximum credit of $2,853. For two or more qualifying children, the maximum credit… …   Wikipedia

  • Earned Income Tax Credit — Lohnauffüllung bezeichnet Formen der Lohnsubvention mit einem anteiligen Auszahlbetrag in Abhängigkeit vom erworbenen Einkommen. In der Regel meint man damit die Earned Income Tax Credit (wörtlich Arbeitseinkommensteuergutschrift ) der USA und… …   Deutsch Wikipedia

  • earned income credit — A refundable tax credit on earned income up to a certain amount for low income workers who maintain a household for dependent children. The amount of the credit is reduced dollar for dollar if earned income (or adjusted gross income) is greater… …   Black's law dictionary

  • earned income credit — A refundable tax credit on earned income up to a certain amount for low income workers who maintain a household for dependent children. The amount of the credit is reduced dollar for dollar if earned income (or adjusted gross income) is greater… …   Black's law dictionary

  • earned income — noun Etymology: earned from past participle of earn (I) : income (as wages, salary, professional fees, or commissions) that results from the personal labor or services of an individual compare unearned income …   Useful english dictionary

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