income

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Income Definition & Meaning

1. Income refers to the money earned through work, investments, or other sources.

Example: My monthly income from my job is $3,

2.

Example:

3. Income is the total revenue generated by a business or organization.

Example: The company's income for the year was $10 million.

4. Income can also refer to the amount of money received by an individual or household after taxes and other deductions have been taken out.

Example: Our household income is $80,000 per year.

5. Income can be used to describe the flow of money into a particular area or region.

Example: The tourism industry is a major source of income for this town.

6. In some contexts, income can refer to the social or economic status of an individual or group.

Example: People with higher incomes tend to have better access to healthcare and education.

Examples of the word income used in sentences.

  • The company offered me the job with a competitive salary and benefits package to increase my income.
  • I work every day to earn an income to support my family.
  • Sarah's monthly income comes from her job at the local bookstore.
  • The government provides various benefits for individuals with a low income.
  • Frank's income has increased since he started working overtime.
  • The charity aims to help people with low incomes to access basic necessities.
  • My income increased after I got a promotion at work.
  • We have to pay taxes on our income every year.
  • Her income from the part-time job was not enough to cover her expenses.
  • The government provides financial assistance to low-income families.
  • In order to afford a better car, I need to find a way to increase my income.
  • The government is implementing new policy to reduce the income gap between the rich and poor.
  • Freelancing has become a popular way for people to earn extra income.
  • I have to file my income tax return before the deadline or face penalties.
  • My income has increased since I got a promotion at work.
  • The report showed that the average income in the region has increased by 10% over the past year.
  • She decided to take a part-time job to supplement her income.
  • Despite her high income, Jane still struggles to make ends meet.
  • The government has implemented policies to reduce income inequality among its citizens.
  • John's income has doubled since he started working at the new company.
  • The government's proposed tax reforms aim to increase income for the middle class while reducing tax burden for low-income earners.
  • As a freelance writer, I have to carefully track my income and expenses to ensure financial stability.
  • In many developing countries, access to education and job opportunities is limited, resulting in a significant income gap between urban and rural communities.
  • Despite earning a high income, many individuals still struggle with debt due to overspending and poor financial management.
  • The income inequality gap continues to widen, leaving many low-income families struggling to make ends meet.
  • She donated a significant portion of her income to charitable causes.
  • He worked multiple jobs to supplement his income and support his family.
  • The government implemented tax reforms to increase disposable income for low-income families.
  • In some countries, income inequality is a major social and economic issue.
  • Despite his substantial income, he always lived within his means.
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