Legal Definitions - active income

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Definition of active income

Active income refers to the money or payment that a person receives from their employment, business, investments, royalties, gifts, and other sources that require active participation. This type of income is earned through one's own labor or services.

Wages or salary earned from a job
Income earned from a trade or business

These examples illustrate active income because they are earned through active participation and labor.

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Simple Definition

Active income is money that someone earns from working or running a business. It can also come from investments, gifts, or royalties. This is different from passive income, which is money earned without actively working or participating in an activity. Gross income is the total amount earned before taxes and deductions, while net income is the amount earned after taxes and deductions. Taxable income is the amount of income that is subject to taxes.

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Ethics is knowing the difference between what you have a right to do and what is right to do.

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