unearned income Sentence Examples
- Unearned income is income not directly derived from employment or business activities.
- Interest earned on savings accounts is a common type of unearned income.
- Dividends from stocks and mutual funds are also considered unearned income.
- Rental income from properties is classified as unearned income.
- Royalties from books, music, or patents are forms of unearned income.
- Unearned income is typically less stable than earned income.
- Some forms of unearned income, such as inheritances, are not taxable.
- Unearned income can be used to supplement earned income or provide financial security.
- It is important to properly report unearned income on tax returns to avoid penalties.
- Governments often have different tax rates for earned and unearned income.
unearned income Meaning
Wordnet
unearned income (n)
personal income that you did not earn (e.g., dividends or interest or rent income)
(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
Synonyms & Antonyms of unearned income
No Synonyms and anytonyms found
FAQs About the word unearned income
personal income that you did not earn (e.g., dividends or interest or rent income), (accounting) income received but not yet earned (usually considered a curren
No synonyms found.
No antonyms found.
Unearned income is income not directly derived from employment or business activities.
Interest earned on savings accounts is a common type of unearned income.
Dividends from stocks and mutual funds are also considered unearned income.
Rental income from properties is classified as unearned income.
