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TeachMeFinance.com - explain Income Income -- Money or its equivalent, earned or accrued, arising from the sale of goods or services. historic definition... Income -- Revenue; the amount of money coming to a person or a corporation (usually interpreted as meaning annually), whether as payment for services or as interest or other profit from investment. historic accounting definition (British)... Income -- (a) The total annual profit made by a person, whether derived from services rendered, investments, or trading. (b) The gross profits of a non-trading business. (c) The total subscriptions, etc., received by a non-profit earning undertaking, as a club or hospital. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.