Ordinary Income — Income received that is taxed at the highest rates, or ordinary income rates. Ordinary income is composed mainly of wages, salaries, commissions and interest income (as from bonds). Ordinary Income can only be offset with… … Investment dictionary
Ordinary income — Part of a series on Taxation Taxation in the United States … Wikipedia
ordinary income — Income from regularly recurring sources, such as earnings from work, interest, and dividends, as distinguished from a bonanza, winnings tin a horse race, the prize won in a contest, or a capital gain realized on a sale of property. Sloane v… … Ballentine's law dictionary
ordinary income — taxable income, as salary and wages, other than capital gains. * * * … Universalium
ordinary income — The income derived from the regular operating activities of a firm or individual. Bloomberg Financial Dictionary … Financial and business terms
ordinary income — taxable income, as salary and wages, other than capital gains … Useful english dictionary
ordinary — or·di·nary adj: of a kind to be expected from the average person or in the normal course of events; broadly: of a common kind or degree an ordinary proceeding compare extraordinary Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
income — in·come n: a gain or recurrent benefit usu. measured in money that derives from capital or labor; also: the amount of such gain received in a period of time an income of $20,000 a year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
ordinary — 1. noun At common law, one who had exempt and immediate jurisdiction in causes ecclesiastical. Also a bishop; and an archbishop is the ordinary of the whole province, to visit and receive appeals from inferior jurisdictions. Also a commissary or… … Black's law dictionary
