income
/ˈɪn.kʌm/noun★Intermediate— money received
💰Finance
formal
Money received, especially on a regular basis, for work or investments.
His annual income exceeds $100,000.
He makes more than one hundred thousand dollars each year.
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Often qualified as 'gross' (before taxes) or 'net' (after taxes).
general
The total earnings of an individual or household.
Family income determines eligibility for certain benefits.
A household's total earnings affect whether they qualify for some programs.
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Used in socioeconomic discussions and tax calculations.
Collocations
gross incometotal earnings before taxes and deductions
English Dictionary