TeachMeFinance.com - explain Income
Income -- Money or its equivalent, earned or accrued, arising from the sale of goods or services.
Income -- (a) The total annual profit made by a person, whether derived from services rendered, investments, or trading. (b) The gross profits of a non-trading business. (c) The total subscriptions, etc., received by a non-profit earning undertaking, as a club or hospital.
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