Definition, Meaning & Synonyms
assessed-income
noun
/əˈsɛstɪd ˈɪnkʌm/
Definition
Assessed income refers to the income evaluated for tax purposes or to determine eligibility for certain programs.
Examples
- The assessed income for the past year showed a significant increase.
- Understanding your assessed income can help in tax preparations.
- Eligibility for the subsidy is based on your assessed income.
Meaning
The income that has been officially calculated and recorded for various assessments, primarily for taxation or benefits eligibility.
Synonyms
- Evaluated earnings
- Taxable income
- Declared income
