earned income definition

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.

earned income is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

earned income appears in the definitions of the following terms: unearned interest, unearned income and income tax

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