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Income Definition, Examples & Usage Guide

Meaning 1:money earned (income)

income 🔊
/ˈɪnkʌm/
n
Money that you earn from your job, investments, or business, usually on a regular basis.
Income paycheck example showing money earned from work
money earned 🔊
/ˈmʌni ɜːrnd/
n
Money received regularly from work, investments, or business activities, typically measured over a period.
📁 Category:Social Economy 🔖 Level:Beginner

📘 Details & Usage

📖 Root Explanation
From Latin 'in-' (in) + 'venire' (to come), meaning 'that which comes in'.
💡 Mnemonic
Think 'in' + 'come' = money coming into your pocket.
📖 Example
Her income from her part-time job helps pay for her university tuition. 🔊 Her income from her part-time job helps pay for her university tuition.
🔗 Collocations
annual income – total income received in one calendar year
income tax – a tax imposed on individuals or entities based on their earnings
gross income – total earnings before deductions such as taxes and expenses
🔄 Synonyms
earnings (n) – money obtained from work or investment
salary (n) – a fixed regular payment, typically paid monthly by an employer
revenue (n) – income generated from business activities or operations
🚫 Antonyms
expense (n) – cost incurred; money spent
loss (n) – money that is lost or spent exceeding earnings
expenditure (n) – money spent on goods, services, or obligations
🌱 Derivatives
incoming (adj) – coming in or arriving, often referring to money or calls
📖 Cultural Story
Derived from Old French 'encome' (entrance), used in Middle English for 'money received'. Its business sense became dominant in the 16th century.
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