Simple Definition of income

from our Learner's Dictionary

income

noun

plural incomes
: money that is earned from work, investments, business, etc.
Any income from investments must be reported.
taxable income
Farming is his main source of income.
Even on two incomes, we're having a hard time keeping up with our bills.
He earns a good income as a consultant.
What was the company's annual income?
families with low/high incomes
a two-income family [=a family in which both adults have jobs that provide income]
low-income housing [=housing for people who have low incomes]

Cite this Entry

“Income.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/income. Accessed 22 Jun. 2026.

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