Pronunciation

/ˈɪnkʌm/

Definitions

• Noun: Money that is earned from work, investments, or other sources over a specific period. It is typically received regularly, such as weekly or monthly, and may be subject to taxation.

Example Sentence: After getting a raise, her monthly income increased significantly.

Phrases:

• “Annual income”: The total amount of money earned in one year.
• “Net income”: The income remaining after all deductions and expenses have been subtracted from gross earnings.
• “Disposable income”: The part of one’s income that is left after paying taxes and essential living expenses.

Example Sentences

• Noun: “John’s primary source of income comes from his job as a software engineer.”
• “The couple decided to invest a portion of their disposable income into stocks.”
• “Their business generated a substantial income last year, allowing them to expand their operations.”

Synonyms

• Earnings
• Salary
• Wages
• Revenue
• Profits
• Pay
• Remuneration
• Compensation
• Receipts
• Gain

Further Usages

• “Fixed income”: A regular payment that does not change, usually referring to pensions or annuities.
• “Passive income”: Income that requires little to no effort to maintain, such as rental income or dividends from investments.
• “Income tax”: A tax levied on an individual’s or organization’s income by the government.