Definitions (2)
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.
Related Videos
http://www.businessdictionary.com/definition/ordinary-income.html
