personal income
What you make
Personal income is the total money an individual receives from all sources—wages, investments, government benefits, and other payments.
Economists and tax authorities use the term when measuring financial well-being or calculating obligations: Personal income rose 0.4% last month.
It differs from household income, which combines earnings of everyone in a residence.
Fixed periodic employment payment
- wagesPayment for work
- paycheckCompensation for labor
- base payCompensation before additions
- gross payEarnings before withholdings
net pay · compensation · remuneration · hourly · overtime · tips · commission · bonus
Profits paid to shareholders
- capital gainsProfit from asset sales
- portfolioCollected works or assets
- stocksOwnership stakes or inventory
- bondsTies that unite
securities · mutual funds · index funds · REITs · cryptocurrency · compound interest · brokerage account · asset allocation
Working independently, not hired
- contractorHired construction professional
- gigShort-term paid work
- consultantProfessional advice provider
- freelancerSelf-employed service provider
side hustle · 1099 · independent · sole proprietor · invoice · project-based · clientele · portfolio career
Taxable income category
- withholdingKeeping from another
- W-2Employer-issued tax form
- 1099Non-employee income document
- deductionsConclusions from reasoning
Retiree's ongoing benefit
- Social SecurityFederal old-age insurance program
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
annuity · superannuation · defined benefit · vesting · nest egg · payout · lump sum · retirement savings
salary
Fixed periodic employment payment
gross pay · net pay · compensation · remuneration · hourly · overtime · tips · commission · bonus · pay stub
dividends
Profits paid to shareholders
- capital gainsProfit from asset sales
- portfolioCollected works or assets
- stocksOwnership stakes or inventory
bonds · securities · mutual funds · index funds · REITs · cryptocurrency · compound interest · brokerage account · asset allocation · royalties
self-employed
Working independently, not hired
- contractorHired construction professional
- gigShort-term paid work
- consultantProfessional advice provider
freelancer · side hustle · 1099 · independent · sole proprietor · invoice · project-based · clientele · portfolio career · commission
tax bracket
Taxable income category
- withholdingKeeping from another
- W-2Employer-issued tax form
- 1099Non-employee income document
pension
Retiree's ongoing benefit
- Social SecurityFederal old-age insurance program
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
Roth IRA · annuity · superannuation · defined benefit · vesting · nest egg · payout · lump sum · retirement savings · pension fund
- incomesalary, earnings, wages, pay, net earnings
- income taxtax return, tax brackets, tax rates, tax bracket, tax rate
- macroeconomicsGDP, GNP, gross domestic product, gross national product, inflation rate
personal incomecorporate income
Earnings of a company
corporate revenue · business income · corporate earnings · corporate profits · business revenue
personal, income, personality, personally, incoming, impersonal, unearned income, incomes, personalize