Income

  • 51income statement — n. A statement of financial gains and losses over a twelve month period; also called earnings report, operating statement, profit and loss statement. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …

    Law dictionary

  • 52income stream — ➔ stream * * * income stream UK US noun [C or U] ► FINANCE an amount of money that keeps coming in or being produced from an investment or by selling products or services: »provide/produce/create an income stream a steady/guaranteed/secure income …

    Financial and business terms

  • 53income splitting — The right, created by provisions of federal tax laws, given to married couples who file joint returns to have their combined incomes subject to an income tax at a rate equal to that which would be imposed if each had filed a separate return for… …

    Law dictionary

  • 54income group — ➔ group * * * income group UK US noun [C] ► ECONOMICS, MARKETING a group of people who earn the same or similar amounts of money: low/high/middle income group »Those in the lowest income group were 2.4 times more likely to be obese than those in… …

    Financial and business terms

  • 55income insurance — ➔ insurance * * * income insurance UK US noun [U] (also income protection insurance) ► INSURANCE a type of insurance that protects someone if they lose income because of health or other problems: »The income insurance scheme has proved popular… …

    Financial and business terms

  • 56income tax personal allowance — England, Wales The amount of income a UK resident individual can receive before being charged to income tax. For details, see Tax data: income tax: Individuals: rates and allowances. The personal allowance is not available to individuals who are… …

    Law dictionary

  • 57income tax, income taxes — ● income tax, income taxes nom masculin (anglais income tax, de income, revenu, et tax, taxe) Impôt sur le revenu, en Grande Bretagne et aux États Unis …

    Encyclopédie Universelle

  • 58income elasticity of demand — ➔ elasticity of demand * * * income elasticity of demand UK US noun [U] ► ECONOMICS the degree to which the number of products bought changes when income changes: » In Japan, the income elasticity of demand for exports is far higher than for… …

    Financial and business terms

  • 59income tax deduction — ➔ deduction * * * income tax deduction UK US noun [C or U] ► TAX an amount of money, such as the cost of something that you need to do your work, that the tax authorities allow you to subtract from your income before you calculate your tax… …

    Financial and business terms

  • 60income and expenditure account — ➔ account1 * * * income and expenditure account UK US noun [C] ► ACCOUNTING a record of money received and spent by a business or organization during a particular period: »We find, after closing up our income and expenditure account, that we have …

    Financial and business terms