Income

Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, that is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time."

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Famous quotes containing the word income:

    “I know everybody’s income and what everybody earns,
    And I carefully compare it with the income-tax returns;”
    —Sir William Schwenck Gilbert (1836–1911)

    “There are few sorrows, however poignant, in which a good income is of no avail.”
    —Logan Pearsall Smith (1865–1946)