EconGuru Economics Guide RSS Syndication

Submit a Guest Post on EconGuru.com!

© Copyright 2006 - 2011 EconGuru.com. All rights reserved. Assets marked and linked to the original sources are hereby used for educational purposes only and are copyrighted by their respective owners.

Subscribe to EconGuru.

What is Unearned Income?

People will usually have different types of income. For instance, they may have their salary and other money they get for providing services. For tax purposes it is necessary to declare not only your earned income but also you unearned income. There can be confusion though, about what this unearned income actually refers to. In simple terms this unearned money is any money that you have been paid but you have not yet earned. For example, if you have been paid money in advance for some service that is not yet complete then this would be considered to be unearned income. There are also other types of unearned income that we will consider below.

Read the rest of this entry »

EconGuru Economics Guide

Educating the public since 2006.

As an Amazon Associate, EconGuru earns from qualifying purchases.