the money that you earn from your work or that you receive from investments, the government etcCOLLOCATIONS COLLOCATIONS on a ... income (=earning a particular amount) high/low income high-income/low-income annual income family/household income disposable income (=your income after tax and necessary bills have been paid) taxable income (=the part of your income on which you pay tax) net income (=your income after you have paid taxes) gross income (=your income before you have paid taxes) investment income (=income from investments) source of income loss of income supplement your income (with something) (=increase your income by doing something)
➔ see usage notepay2WORD CHOICE WORD CHOICE pay, salary, wages, wage, income, feePay is the money that you earn by working• The pay is much better in the private sector. • people on low pay • pay negotiationsSomeone's salary is the money they are paid every month by their employer, especially someone in a profession, such as a teacher or a lawyer• Some managers earn annual salaries of over £80,000. Use wages to refer to the money that someone is paid every week by their employer, especially someone who works in a factory or a shop• Some companies pay higher wages than others. !! Do not use wages before a noun. Use wage• wage earnersSomeone's income is all the money that they receive regularly, for work or for any other reason• families on low incomes • Rent from the old farm was their only source of income.Use fee to refer to the money paid to a lawyer, doctor, or similar qualified worker for a piece of work they have done• Your accountant's fees are too high. • legal fees ➔ See alsopay
Definition from the Longman Dictionary of Contemporary English Advanced Learner's Dictionary.