personal income

Definition

An individual's total earnings from wages, passive enterprises, and investment interest and dividends.

Use personal income in a sentence

I had a lot of personal income to work with and that made me very happy because I didn't have a lot of money usually.

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You should always try and have the most personal income you have to give yourself greater flexibility with your money.

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The personal income of the individual was higher this year than last due to the passive income stream being received regularly.

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income averaging Canada Pension Plan (CPP)