Earned Income
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| Income that is paid as a salary from a job or passed through from a schedule C or a partnership that you materially participated in and had the power to contract for. | ||
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Additional Comments:
This type of income is subject to employment taxes.
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Related Terms: | ||
Income Stocks Income stocks have high dividend payouts, and the companies are typically in the mature stages of ... Dividend When companies pay part of their profits to shareholders, those payments are called dividends. A portion ... Keogh Plan A type of pension account in which taxes are deferred. Available to those who are self-employed. ... | ||
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