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personal income

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Financial Dictionary

Personal Income

An individual's total annual gross earnings coming from wages, business enterprises and various investments.

Investopedia Commentary

Personal income is also known as your "before-tax income" and is used in calculating an individual's adjusted gross income for income-tax purposes.

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See also: Adjusted Gross Income, Discretionary Income, Disposable Income, Income Tax

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Financial Dictionary

personal income

The pretax income of individuals and unincorporated businesses. Personal income is an inferior measure of the economy compared with disposable income; however, personal income is easier to compute and is made available on a monthly basis, while disposable income is calculated on a quarterly basis.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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