Total income

Total income,

Definition of Total income:

  1. The sum of all money received by an individual or organization, including income from employment or providing services, revenue from sales, payments from pension plans, income from dividends, or other sources. Total income may be calculated for purposes of assessing taxes, evaluating the net worth of a company, or determining an individual or organizations ability to make payments on a debt.

Meaning of Total income & Total income Definition