Related topics: earnings

New tools are needed to make water affordable, says study

Rising water prices are forcing many households in the United States to choose between rationing water or risking shutoff by leaving bills unpaid. A study in Environmental Research Letters shows that government agencies and ...

How girls fare when only a son will do

When it comes to parents' preferences for the genders of their children, there is a high level of disagreement between wives and husbands, according to a Cornell sociologist.

Cooler states now forced to grapple with extreme heat

As temperatures soared into the 90s, the heat and humidity hit the concrete in Astoria, Queens, and bounced into the air. People moved along the scorched sidewalk slowly, their clothes drenched with sweat.

Why expanding access to algebra is a matter of civil rights

Bob Moses, who helped register Black residents to vote in Mississippi during the Civil Rights Movement, believed civil rights went beyond the ballot box. To Moses, who was a teacher as well as an activist, math literacy is ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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