what is income (social
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It is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. There are two kinds of taxable income: Earned income (salary, wages, tips, bonuses, commissions, etc.) and unearned income(dividends, interest, rents, alimony, winnings, royalties, etc.).
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Income is the consumption which is obtained by doing work in the form of money or some thing else valuable
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