Money income

 

Home
Site Map
Add Term
Search
About Us
Contributors

Money income

Nominal income; contrasts with real income.



Similar Matches

Underwriting income

Underwriting income

For an insurance company, the difference between the premiums earned and the costs of settling claims.


Self employed income

Self employed income

Taxable income of a person involved in a sole proprietorship or other sort of free-lance work.


Income tax

Income tax

A compulsory tax on employment and investment income.In most countries income tax is progressive on successive slices of income, so that the more you earn the higher the incremental rates of tax you pay.In the UK, everyone is allowed to make a certain amount of income before any tax is payable. Known as the 'personal allowance', the amount increases with age, and for the year 2003-2004 the figures are:Under 65: 4,61565-74: 6,61075 and over: 6,720If your income in a tax year is below these thresholds, you are not liable for income tax. In some circumstances, where tax has been deducted at source, you will be able to reclaim tax already paid.For earnings above your personal allowance, your income tax liability will go up in bands and vary according to whether the income is from employment, share dividends or interest. The lowest rate is 10% and the highest is 40%.


Income bond

Income bond

A bond whose payment of interest is contingent on sufficient earnings. These bonds are commonly used during the reorganization of a failed or failing business.


Income elasticity

Income elasticity

Normally the income elasticity of demand; that is, the elasticity of demand with respect to income.


Further Suggestions

Income effect
Income Averaging
Fixed income market
Discretionary income
guaranteed income bond
income fund
income stock
High withholding tax interest income
franked income
Disposable income
Employee Retirement Income Security Act
Income multipliers or multiples
Corporate income tax
Nominal income
index linked family income assurance
Earned income
adjusted gross income
Disability income insurance
disability income insurance
Premium income
Social Security Disability Income Insurance
Economic income
Current income bonds
Foreign base company income
Debt to income ratio


 
All rights Reserved. Do not copy without permission.