earned income



Income derived from goods sold, services rendered, and work performed. It includes revenue, wages, salary, bonuses, commissions, tips as well as pension and annuities based on income previously earned. Normally, earned income attracts lower tax rates than the unearned income such as dividends and interest.

Notable Quotes

  • Problem with Rat Race
    "The trouble with the rat race is that even if you win you're still a rat."
    - Lily Tomlin

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