Income: meaning, definitions and examples

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income

[ ˈɪnkʌm ]

^{Context #1}

financial

Income refers to money received, especially on a regular basis, for work or through investments.

Synonyms

earnings, revenue, salary

Examples of usage

Her income comes from her job as a teacher.
He has a steady income from his rental properties.

^{Context #2}

tax

Income is also used to calculate taxes, representing the amount of money a person or business earns in a specific period.

Synonyms

earnings, revenue, salary

Examples of usage

The tax rate is based on your total income for the year.
You need to report all sources of income on your tax return.

^{Context #3}

societal

Income inequality refers to the unequal distribution of income among individuals or households in a society.

Synonyms

disparity, gap, imbalance

Examples of usage

There is a growing concern about income inequality in the country.
Policies are being implemented to address income inequality.

Translations

Translations of the word "income" in other languages:

🇵🇹 renda

🇮🇳 आय (Aay)

🇩🇪 Einkommen

🇮🇩 pendapatan

🇺🇦 дохід

🇵🇱 dochód

🇯🇵 収入 (しゅうにゅう, shūnyū)

🇫🇷 revenu

🇪🇸 ingreso

🇹🇷 gelir

🇰🇷 수입 (suib)

🇸🇦 دخل (dakhl)

🇨🇿 příjem

🇸🇰 príjem

🇨🇳 收入 (shōurù)

🇸🇮 dohodek

🇮🇸 tekjur

🇰🇿 кіріс

🇬🇪 შემოსავალი (shemosavali)

🇦🇿 gəlir

🇲🇽 ingreso

Word origin

The word 'income' originated from the Latin word 'incommodus', which means 'not convenient' or 'unpleasant'. Over time, its meaning evolved to signify the money or earnings received by an individual or entity. The concept of income has been central to economic and social discussions, especially concerning distribution and equality. Understanding income is crucial for financial planning and taxation purposes.