income

USAGE SUMMARY

The word "income" is correct and usable in written English.
You can use it to refer to the total amount of money that someone earns or that a business or organization makes. For example: "The company's income has increased steadily since last quarter."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

"Australia had signed up to a commitment to actually having 0.7% of gross national income as a target by 2016.

The Guardian

He would abolish the income tax for the vast bulk of Americans and replace the revenue with a 12.5 percent value-added tax.

The New York Times

He would simply give every family a tax exemption of $100,000, which would eliminate the income tax for 90 percent of those now filing returns.

The New York Times

Of course, this is exactly the way the tax code works now: tax rates rise at certain income thresholds, meaning that when you get to a certain income level, the government takes more of every dollar you earn.

The Economist

A generation ago, Warren says, basics (housing costs, health insurance, transportation, education, and taxes) accounted for fifty-four per cent of the average family's income.

The Economist

A local school is using rooms in the building during the week (providing income) and a charitable foundation is running children's activities.

The Guardian - Books

After Cooper's interview, Burnham made it clear that he too supported the idea of a 50p top rate of income tax to help with reduction of the deficit and warned against any move by the party to ape the Conservatives.

The Guardian

She also made it clear that she would keep Labour's policy of bringing back a 50p top rate of income.

The Guardian

Nearly half (45%) say it's important to pay MPs enough to ensure they're not tempted to add to their income by taking secondary work.

The Guardian

He also goes for the popular vote: he said that he would introduce a bank tax but then, when asked whether he would increase VAT or income tax, said: "No chancellor could rule that out".

The Guardian

Average household income in Wales is 14% below England and 9% below Scotland.

The Guardian - Opinion

Expert writing Tips

Best practice

Use "income" to refer to a broad range of financial gains, including wages, investments, and rents.

Common error

Don't use "income" and "revenue" interchangeably. "Revenue" refers to a company's total sales, while "income" is the profit after expenses are deducted.

Linguistic Context

The primary grammatical function of "income" is as a noun. It represents the financial gain or earnings received over a period. As Ludwig AI suggests, it is used to describe money earned by working or through investments.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

30%

Science

25%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "income" is a common noun referring to financial earnings, used across various contexts from news and media to formal business settings. Ludwig AI confirms its grammatical correctness and general usability. When writing about "income", be precise about the type and avoid confusing it with related terms like "revenue". The related phrases, such as "earnings" and "revenue", can be used as synonyms, but with attention to their specific connotations. Being specific will allow you to avoid misunderstanding and clearly deliver your message. Understanding its function and purpose helps ensure clear and effective communication about financial matters.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

earnings

A general term for money earned, similar to income but can refer to a specific period or activity.

revenue

Total amount of money received by a company, often used in a business context.

wage

Money paid to an employee for work done, usually hourly.

salary

Fixed regular payment, typically monthly or bi-weekly, made by an employer to an employee.

profit

Financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

financial resources

Available money or assets.

cash flow

The total amount of money being transferred into and out of a business, especially as affecting solvency.

proceeds

Money obtained from an event or activity.

returns

The profit or gain from an investment.

compensation

Payment given for work done, injuries, or loss.

FAQs

How do I use "income" in a sentence?

"Income" functions as a noun referring to money received. For example, "Her annual "income" is $50,000."

What are some synonyms for "income"?

Alternatives to "income" include "earnings", "revenue", and "wage", each carrying slightly different connotations.

What is the difference between "income" and "revenue"?

"Revenue" refers to the total amount of money a company receives from sales, while "income" is the profit remaining after expenses are paid. Therefore, the term "profit" is a much closer term to be used in alternative.

Is it correct to say "income tax" or should it be "revenue tax"?

The correct term is "income tax". "Income tax" is a tax levied on "income", while "revenue tax" is not a standard term.