individual income

One person's wages

Individual income is money earned by a single person, as distinguished from household or family income.

Tax systems and economic statistics often measure individual income separately: Her individual income qualified her for the tax credit, though their combined household income did not.

The term encompasses wages, investments, and other personal earnings before or after taxes.

Related

tax bracket · budgeting · filing status · tax deductions · saving · cash · tax return · social mobility · financial independence · W-2 form · side hustle · capital gains · investing · purchasing power · paycheck to paycheck · dividends · bank · tax credits

Opposites
income source/entity type

individual incomecorporate income

Earnings of a company

corporate profits · business income · corporate earnings · corporate revenue · government revenue

direction of money flow

individual incomehousehold expenses

Regular domestic financial obligations

consumer spending

scale of aggregation

individual incomenational income

Country's total earnings

gross domestic product · household income · family income · GDP · per capita income

Family

individual, income, individuality, individually, individualism, individualist, individualistic, individualize, individualized

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G