Category: I

Definition An income statement, also referred to as a profit and loss statement, is a financial document that presents a company’s revenues, expenses, and overall

Definition Income tax is a mandatory financial charge imposed by the government on individuals and businesses to generate government revenue. It is calculated based on

Definition Income per capita is a measure of the average income earned per person in a specific region, such as a city, state, or country,

Definition Income stock refers to shares of a company that consistently generate substantial dividends for its investors. These stocks are typically issued by well-established firms

Definition An income fund is a type of mutual fund or investment vehicle that primarily focuses on generating consistent income, usually through investments in interest-bearing

Definition Income tax payable refers to the amount of money an individual or a company owes to the government as a result of their taxable

Definition Income property refers to a real estate property that has been purchased or developed with the intention of generating revenue for the owner. This

Definition Income in Respect of a Decedent (IRD) refers to untaxed income earned by an individual who has passed away before receiving or utilizing it.

Definition Income inequality refers to the uneven distribution of income within a population, resulting in a significant disparity between the wealthiest and poorest individuals or

Definition Income Smoothing is a financial technique used by businesses and individuals to level out fluctuations in revenue and earnings over a period of time.