income

Everyday

Income is the money a person, family or business gets, from work, selling things or other places, usually counted per week, month or year. tree →

In the lessons

In maths and money lessons: income minus spending equals savings; pocket money is a child's income. In social studies: low-income families, income tax. Phrases: monthly income, low income, income tax, source of income, live on an income.

Examples

• Dad's income comes from his job as a nurse. tree →
• My weekly income is 5 pounds of pocket money. tree →
• Families on a low income can get help. tree →
• The shop's income went up at Christmas time. tree →
• Income tax is taken from your pay. tree →
• Selling eggs gives the farm extra income. tree →
• My dear, she lived on her income--and that is a thing that a great many people would like to be able to do. tree →

Note

Usually uncountable, but "incomes" is used when comparing people. Opposite of spending or expenses. In maths: savings = income − spending; if income is 400 and spending is 350, 50 is saved. Income per year = income per month × 12.