The meaning of BUSINESS INCOME is the income of a business from current production as sometimes distinguished from incidental or extraneous income (as from the investments of a manufacturer).
The meaning of INCOME is a gain or recurrent benefit usually measured in money that derives from capital or labor; also : the amount of such gain received in a period of time. How to use income in a sentence.
(redirected from Business Income Coverage)Also found in: Thesaurus, Financial. ThesaurusAntonymsRelated WordsSynonymsLegend: Switch to new thesaurus Noun 1. business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break ...
Examples of Income Here are the most common forms of business income: Sales For many businesses, sales of goods are their main form of income. A business can either buy products at a low price and resell them at a higher price to customers, or they can actually make the goods and then...
business or firm or enterprise a producer or distributor of GOODS or SERVICES. The economic form of a business consists of: a horizontal business, a business which specializes in a single activity, for example the production of bread. See HORIZONTAL INTEGRATION; a vertical business, a busine...
Define Business earnings. means earnings arising from transactions and activity in the regular course of the taxpayer's trade or business or earnings from tangible and intangible property if the acquisition, use, management or disposition of the property
Incomeanonprofit organizationproduces on a regular basis from a trade or business that is not connected to its ordinary operations. For example, a charity maysellt-shirts at aprofitto the general public. While there are a number of exemptions, theIRStaxes unrelated business income at ordinarycorpor...
business income “may include income received from the sale of products or services,” such as “fees received by a person from the regular practice of a profession...[and] rents received by a person in the real estate business.”2
The basics of the business income versus non-business income distinction are familiar to most state tax practitioners. A multi-state taxpayer's "business iBrowdy, Brian L.Wethekam, Marilyn A.Social Science Electronic Publishing
the snapshot of income and business value determined using GAAP provides a picture ofbusiness incomeand value that is often closer to economic reality than the results of tax accounting