ordinary income

Definition 1

Business: Income from the normal day to day operations of the firm, and which specifically excludes income from sale of capital assets.

Definition 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.


ordinary income is...

... in the Accounting & Auditing subject.

Nearby Terms

Search volume for ordinary income

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z