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Definnitions of income - Coggle Diagram
Definnitions of income
Gross Income
Issues with specific income types
Disposible income : Shows real spending power
Individual and Household income : impact of multiple earner
Capital gains : Not actual income ; debated inclusion
Gross and Net incomes
Gross : before the taxes , Net: after taxes and transfer
Tax policy and life circumstances create major differences
Đức Anh
Anh Khoa
Economic Income
Change in wealth a period Includes realized and unrealized gains
Broader concept than accouning income
Ngoc
Disposable Income
All income from all sources
Before taxes and deductions
Income available for spending and saving
Includes wages, business income, interest, dividends, rent
Includes wages, salaries, deductions