Define Income
money received, especially on a regular basis, for work or through investments.
Income refers to the amount of money or other resources that individuals or entities receive from various sources. This includes wages, salaries, tips, rent, interest earned on savings or investments, dividends, capital gains, pensions, and any other forms of payment received in exchange for goods or services. Income can be earned or unearned and is typically used to cover expenses such as food, housing, transportation, education, and healthcare. It is an important measure of economic well-being and is often used to determine eligibility for government benefits and financial assistance.
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