ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -earnings Add to list Share. Earnings are the amount of money you make from doing a job. You’ll be a lot more excited about babysitting when you learn your earnings will be more than generous. Most earnings come from work that you’ve done, although money you earn from an investment can also be called earnings.

Detailed explanation-2: -Key Takeaways. Earned income is any income received from a job or self-employment. Earned income may include wages, salary, tips, bonuses, and commissions. Income derived from investments and government benefit programs would not be considered earned income.

Detailed explanation-3: -Investment Income: “Investment income” includes interest, rents, royalties, dividends, capital gains, and other income derived from an asset.

Detailed explanation-4: -In general, net investment income includes, but is not limited to: interest, dividends, capital gains, rental and royalty income, and non-qualified annuities. Net investment income generally does not include wages, unemployment compensation, Social Security Benefits, alimony, and most self-employment income.

Detailed explanation-5: -Earned or Active Income. What it is: Earned or Active income is the most common way that people are taught to make money. Portfolio or Investment Income. Passive Income. Inherited Income.