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Definition. A household's income can be calculated in various ways but the US Census as of 2009 measured it in the following manner: the income of every resident of that house that is over the age of 15, including pre-tax wages and salaries, along with any pre-tax personal business, investment, or other recurring sources of income, as well as any kind of governmental entitlement such as ...
e. In economics, the Gini coefficient ( / ˈdʒiːni / JEE-nee ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [3] within a nation or a social group. It was developed by Italian statistician and sociologist ...
The CPS measure of money income is defined as the total pre-tax cash income received by people on a regular basis, excluding certain lump-sum payments and excluding capital gains. The Census Bureau also produces alternative estimates of income and poverty [9] based on broadened definitions of income that include many of these income components ...
In other cases, pre-tax deductions only delay your tax obligations — 401(k) contributions, for example, are taxed when you begin making withdrawals in retirement later down the road.
Earnings before taxes. Earnings before taxes ( EBT) is the money retained by the firm before deducting the money to be paid for taxes. EBT excludes the money paid for interest. Thus, it can be calculated by subtracting the interest from EBIT (earnings before interest and taxes). [citation needed]
Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes. The net profit margin percentage is a related ratio. This figure is calculated by dividing net profit by revenue or turnover, and it represents profitability, as a percentage. An equation for net income
Income (United States legal definitions) In U.S. business and financial accounting, income is generally defined by Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board as: Revenues – Expenses; however, many people use it as shorthand for net income, which is the amount of money that a company earns ...
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced / iː b ɪ t ˈ d ɑː /, / ə ˈ b ɪ t d ɑː /, or / ˈ ɛ b ɪ t d ɑː /) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base.