Earnings from your credit union savings account or other investments.
The income a person receives from certain bank accounts or from lending money to someone else.
Money received by a business in exchange for the use of capital for a specified time period. On the income statement, "Interest Expense (Income)" is a single account that is the net amount of interest income and interest expense.
Income received from savings and checking accounts.
Income derived from an instrument of debt, such as a bond. (See also: dividend income) Return to Previous
In general, any interest that you receive or that is credited to your account and can be withdrawn is taxable income. (It does not have to be entered in your passbook.)
Money earned from investments based upon the time value of money.
The potential income from funds which would have been used for the down payment, closing costs, and any difference (increase) between monthly rental payment and monthly mortgage payment.
Earnings received, often from bonds.