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high income

Comprehensive Analysis

1) "High" -- As to high income 1high Pronunciation: 'hI Function: adjective Etymology: Middle English, from Old English hEah; akin to Old High German hOh high, Lithuanian kaukaras hill 1 a : having large extension upward : taller than average, usual, or expected <a high wall> b : having a specified elevation : TALL <six feet high> -- often used in combinations <sky-high> <waist-high> c : situated or passing above the normal level, surface, base of measurement, or elevation <the high desert> 2 a (1) : advanced toward the acme or culmination <high summer> (2) : advanced toward the most active or culminating period <on the Riviera during high season> (3) : constituting the late, most fully developed, or most creative stage or period <high Gothic> (4) : advanced in complexity, development, or elaboration <the higher primates including humans> <higher mathematics> b : verging on lateness -- usually used in the phrase high time c : long past : REMOTE <high antiquity> 3 : elevated in pitch <a high note> 4 : relatively far from the equator <high latitude> 5 : rich in quality : LUXURIOUS <high living> 6 : slightly tainted <high game>; also : MALODOROUS <smelled rather high> 7 : exalted in character : NOBLE <high purposes> 8 : of greater degree, amount, cost, value, or content than average, usual, or expected <high prices> 9 : of relatively great importance: as a : foremost in rank, dignity, or standing <high officials> b : High Church, a tradition or approach within certain Christian denominations High culture, the most sophisticated culture of a society High end High Middle Ages a period of "canonical" development or greatest achievements High Museum of Art, Atlanta, Georgia High pressure area, a meteorological region where the atmospheric pressure is greatest High school, short form, as in Fast Times at Ridgemont High High society, the interaction of the upper class ..." 2) "Income" -- As to high income in·come Pronunciation: 'in-"k&m also 'in-k&m or 'i[ng]-k&m Function: noun 1 : a coming in : ENTRANCE, INFLUX <fluctuations in the nutrient income of a body of water> 2 : a gain or recurrent benefit usually measured in money that derives from capital or labor; also : the amount of such gain received in a period of time <has an income of $30,000 a year> Pronunciation Symbols Income, generally defined, is the money that is received as a result of the normal business activities of an individual or a business. For example, for individuals income usually means the gross amount on their payslips, i.e. amount before any tax and other deductions has been made by their employer. Internationally, the accounting term income is synonymous to term revenue. One of the best accounting definitions of income is the one used by International Accounting Standards Board (quotation from IFRS Framework): Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants. [F.70] 1 Meaning within U.S. accountancy 2 Meaning in economics and use in economic theory 3 Distribution of Income 3.1 Reference on Earnings Distribution 4 Optimal gini-coefficient 5 Income in Philosophy and Ethics 6 Income in the United States 7 See also 8 References 9 External links In U.S. business and accounting, however, income most often means the amount of money that a company earns after paying for all its costs. Outside the U.S., the term is usually profit or earnings. To calculate a company's income, it starts with its amount of revenue, deducts all costs, including such things as employees' salaries and depreciation, and the number that results is its income, which may be a negative number. This money is typically reinvested in the business, paid in corporate tax and used to pay the owners (the shareholders) a dividend. All public companies are required to provide financial statements on a quarterly basis. The statement of inco..." 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