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Definitions of Income - Coggle Diagram
Definitions of Income
Nguyen Duc Anh
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Meaning: A narrow definition of income that includes only money earned directly from work (employment).
What’s included: Wages, salaries, tips.
Bao Kien
- Money income (Census Bureau)
Meaning: A relatively broad category of income measured by the Census Bureau that counts all regularly received income but excludes some irregular sources.
What’s included: Wages, salaries, Social Security, pensions, regular cash income.
Chu Tuan Anh
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What’s included: Wages, salaries, self-employment income, interest, dividends.
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Le The Kien
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What’s included: All earnings (labor, capital, and other forms) before tax.
Chu Tuan Anh
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Meaning: The broadest definition; includes all income sources after taxes, including government benefits.
What’s included: All wages, capital income, pensions, Social Security, and cash/non-cash government benefits (like SNAP, housing aid).
Le The Kien
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What’s included: Dividends, retained earnings, interest, rent from property, profits from selling assets.
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Nguyen Duc Anh
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Meaning: The total amount of money earned by one person, without considering other members of their household.
What’s included: Wages, salaries, and any earnings from one person’s work or investments (depending on the definition used).
Nguyen Duc Anh
- Family or household income
Meaning: The combined earnings of all members living in a household, whether related by blood/marriage or not.
What’s included: Wages, salaries, and other earnings from every person living in the home.