ordinary income

Definitions (2)
Popular Terms
1. Business: Income from the normal day to day operations of the firm, and which specifically excludes income from sale of capital assets.
2. Personal: Income such as salary, interest, dividends, rents, etc., that is subject to income taxes at ordinary (full) rates and not on favorable (lower) capital gains rate.

Use 'ordinary income' in a Sentence

If you want to have a good baseline for your average days profits you should figure out what your ordinary income will be.
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When people depend on a single ordinary income they will work as best they can, but will still need family and close friends diring their times of need.
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In a typical year, George's ordinary income was about $50,000, so he considered himself to be fairly well off compared to some people.
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