Employment Income

Earned Income
Earned income is a critical concept in the financial landscape, particularly for tax purposes, and encompasses income from employment, trades, professions, and more.
Income Tax
A direct tax on an individual’s income, generally levied at progressive rates, with income classified under various headings as per UK tax legislation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.