Definition

Noun: - The income received by a single individual: This refers to the total earnings, wages, salaries, and other monetary gains that one person receives from all sources before taxes and other deductions are taken out.

Usage

"Personal income" is a singular, non-count noun used to describe the total financial inflow to an individual. It is typically discussed in economic, financial, and tax contexts. - It is often modified by adjectives (e.g., annual, monthly, net, gross) to specify the type or calculation. - It is used with verbs like have, earn, receive, calculate, report, and tax.

Examples

• The government report showed a rise in the average personal income last quarter.
• You must declare all sources of personal income on your tax return.
• Her primary personal income comes from her salary, but she also earns dividends from investments.

Advanced Usage

• Disposable personal income: This is the amount of money an individual has available to spend or save after income taxes have been deducted.
  • After paying taxes, her disposable personal income was enough to cover her living expenses and save for a vacation.
• Per capita personal income: This is the average personal income for each person in a specified area (like a city or country), calculated by dividing the total personal income of the area by its population.
  • The state's high per capita personal income indicates a generally wealthy population.

Variants and Related Words

• Income (n): Money received, especially on a regular basis, for work or through investments. "Personal income" is a specific type of income.
• Earnings (n): Money obtained in return for labor or services, often used similarly to income from employment.
• Revenue (n): Income, especially when of a company or organization. This is typically not used for an individual's income.

Synonyms

• Individual earnings
• Private income
• Take-home pay (specifically refers to net income after deductions)

Antonyms

• Business income (income generated by a company)
• Corporate revenue
• Household income (total income of all members of a household)

Related Phrases

• Source of income: The origin or place from which money is received.
  • Freelance work became her main source of income.
• Level of income: The amount of income a person receives.
  • The job offered a satisfactory level of income.
• Income bracket: A category defining a range of personal incomes.
  • The tax rate increases for those in a higher income bracket.

Noun

1. the income received by a single individual