Earned Income

What is earned income?

Earned Income Definition: Earned income is the amount of money you receive for work or services provided to an employer or a customer as a self-employed person. Earned income is often received through salary or wages, commissions, tips, or payment for a specific contract, such as piecework.

This type of income may also include retirement, long-term disability, or union strike benefit payments. Income earned from a job or self-employment services, such as through a contract, is considered earned. In contrast, unearned income refers to passive income, which is revenue acquired through investments or royalties and not directly through the process of labor or providing a product or service.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

How to Get a Gym Business Loan
How Does Equipment Financing Work?
10 Best Tips To Get Approved For Business Loans
Financial Tools Every Business Should Use
Jeeves Cash Back Business Credit Card
Neo Secured Card
Plastk Card
Capital One Guaranteed Secured Mastercard


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!