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earned income

Line breaks: earned in¦come

Definition of earned income in English:

noun

[mass noun]
Money derived from paid work: the basic rate of tax on earned income
More example sentences
  • Most wealthy Americans make the majority of their money off of capital gains, not earned income.
  • Reducing your expenses is a more efficient way to save than trying to earn more money, because earned income is subject to federal and state taxes.
  • If your child has earned income, filing a tax return will create room for Registered Retirement Savings Plan contribution.

Definition of earned income in:

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