what is the definition of disposable earnings
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What is 'Disposable Income' Loading the player... Disposable income, also known as disposable personal income (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for. Disposable personal income is often monitored as one of the many key economic indicators used to gauge the overall state of the economy.
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Notes on National Disposable Income (NDI) | Micro Economics Notes on National Disposable Income (NDI)! It is defined as net national product at market prices (NNPMP) plus net current transfers from rest of the world. Symbolically: National disposable income = National income + Net indirect taxes + Net current transfers from rest of the world simply put. Net Disposable Income Is the Income which is at the disposal of the nation as a whole for spending or disposal.
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Taxable wages Taxable wages. Taxable Wages, in payroll, is the sum of all earnings by an employee that are eligible for a particular type of tax. Each tax is different and has different regulations about limits to the amount of wages that can be considered taxable with respect to that tax. Example. A common example, the Federal Unemployment Tax Act (FUTA) tax in the United States had, in 2004, a taxable wage limit of $7,000.
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Income It represents the money available to a household for spending on goods or services. In Ireland, the average household net-adjusted disposable income per capita is USD 23 917 a year, lower than the OECD average of USD 25 908.
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What are 'Earnings' Earnings typically refer to after-tax net income .Ultimately, a business's earnings are the main determinant of its share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run.he amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Economics.
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What Is Disposable Income? - Definition & Explanation From the standpoint of a business, disposable income is the net profit in a given period it makes after paying all necessary and mandatory business expenses such as taxes, debt service, vendor bills, and benefits and wages for its employees.
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What is 'Earned Income' What is 'Earned Income'. Earned income is income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income. BREAKING DOWN 'Earned Income'.
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What Qualifies As Disposable Income When it Comes to Wage Garnishment? Understand the Definition of Earnings. To calculate disposable earnings, you must first understand what is considered earnings. The federal wage garnishment law defines earnings as the amount of pay you earned by working. On your pay summary, this is reflected as gross earnings. Your earnings may include more than just your hourly wage or salary.
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unearned income see EARNED INCOME. see EARNED INCOME. Taxable income other than that received for services performed (earned income). Unearned income includes money received for the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions, alimony, unemployment compensation, and other income that is not earned.
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- Definition of family wage. 1  1 : the total income of a family. 2  2 : the income needed for the subsistence of a family.
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- What is 'Unearned Income' Unearned income describes any personal income that comes from investments and other sources unrelated to employment services. Examples of unearned income include interest from a savings account, bond interest, alimony and dividends from stock. This type of income differs from traditionally earned income, which is the income earned from active work or business activity.
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Substantial Gainful Activity Once all the allowable expenses are deducted from your earnings, the figure that remains is called “countable income.” Countable income is the figure used to determine whether or not you engage in substantial gainful employment and are eligible to receive Social Security Disability benefits.
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Disposable and discretionary income Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills.
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- DEFINITION of 'Taxable Income'. The amount of income that is used to calculate an individual's or a company's income tax due. Taxable income is generally described as gross income or adjusted gross income minus any deductions, exemptions or other adjustments that are allowable in that tax year.
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What is 'Disposable Income' What is 'Disposable Income'. Disposable income, also known as disposable personal income (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for.
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Social Security SSI payment standard. Income definition. Income is anything you receive during a calendar month and can use to meet your needs for food or shelter. It may be in cash or in kind. In-kind income is not cash; it is food or shelter, or something you can use to get food or shelter. Countable Income definition.
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What is 'Earned Income' What is 'Earned Income'. Earned income is income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income. Next Up. Earned income includes any income that a person or company receives for work they have done.
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- (NOTICE) and the “National Medical Support Notice.”. Step 1 - Disposable Income Calculation. • “Income” includes any earned or unearned income including wages, salaries, commissions, bonuses, pensions, retirement and. also includes benefits such as disability, workers’ compensation, and unemployment insurance benefits.
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What Are Retained Earnings? Retained Earnings Are Important, But How They Are Used Is Critical. Retained earnings -- sometimes known as accumulated earnings, earnings surplus or unappropriated profit -- is that portion of net income or net profit (a figure most often taken from the income statement) that is not paid out as dividends, but are retained in the company. Retained earnings are often reinvested in the company for research and development purposes, investment in the physical plant, purchase of additional or better equipment or for retiring debt.
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What are 'Earnings' What are 'Earnings'. Earnings typically refer to after-tax net income. Earnings are the main determinant of share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run.
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- Wages [edit]. Wage garnishment, the most common type of garnishment, is the process of deducting money from an employee's monetary compensation (including salary), sometimes as a result of a court order. Wage garnishments continue until the entire debt is paid or arrangements are made to pay off the debt.
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Here's how much disposable income the average person in Ireland has Figures from the 2011 Survey on Income and Living Conditions by the Central Statistics Office which were released today show: 1  The mean (i.e. average) amount of disposable income in Ireland in 2011 after taxes, social insurance contributions and inter-household cash payments have been paid was €21, 440.
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Glossary of Child Support Terms 1 After deductions required by law, the disposable earnings are $368.00. In this week, 25 percent of the disposable earnings may be garnished. ($368.00  25% = $92.00) The employee would be paid $276.00.  A garnishment order is received after the second work day of the week.
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- It represents the money available to a household for spending on goods or services. In United States, the average household net-adjusted disposable income per capita is USD 41 355 a year, much higher than the OECD average of USD 25 908 and the highest figure in the OECD.y contrast, the Nordic and Eastern European countries are characterised by lower income inequalities. On average in OECD countries, the average net-adjusted disposable income of the top 20% of the population is an estimated USD 54 313 a year, whereas the bottom 20% live on an estimated USD 8 496 a year.
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The Difference Between Earnings & Wages Earnings can describe a variety of sources of income. It can include wages and salary, but it also describes funds you receive from nonworking income. For example, interest paid on your bank savings accounts and dividends you receive on stock investments are common examples of earnings.
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Definition of Disposable Income What is disposable income? What is the definition of the term disposable income? What does disposable income mean? Disposable income is the money that you have left over once taxes have been subtracted from your gross income. Disposable income is money that needs to cover food, shelter, clothes, non-essential purchases, savings, etc.