Income Definition Black S Law Dictionary

The return in money from one s business labor or capital invested.

Income definition black s law dictionary. What is gross income. Production costs or cost of sales amount exceed by unadjusted total sales revenue. While profits generally means the gain which is made upon any business or investment when both receipts and payments are taken into account. Gross income that standard deductions and allowances are taken from.

Money that is earned from doing work or received from investments. 99 income means that which comes in or is received from any business or investment of capital without reference to the outgoing expenditures. Black s law dictionary definitions of the terms and phrases of american and english jurisprudence ancient and modern contributing authors. The return in money from one s business labor or capital invested.

In re slocum 169 n. This dictionary is based on black s law dictionary 2nd edition with a large volume of additions for all of your legal dictionary needs. The great irs hoax book section 6 7 1. Gains profit or private revenue.

The law dictionary featuring black s law dictionary free online legal dictionary 2nd ed. If you don t find a word you are looking for let us know we will add it for you and send you the definition. A company s profit in a. The gain derived from capital from labor or effort or both combined including profit or gain through sale or conversion of capital.

The law dictionaryfeaturing black s law dictionary free online legal dictionary 2nd ed. Definition of gross income black s law dictionary definition of gross income. We looked at five different legal dictionaries and a collegiate dictionary for the term united states. Braun s appeal 105 pa.

Gains profits salary wages etc.