income
Income attributed to a person: amount, frequency, the period it covers, and its kind.
Income is money that a person or organization earns or receives on a regular basis from various sources.
Why it matters
Income is separated by kind because qualification treats the kinds differently. Base salary, bonus, overtime, commission, self-employment and rental income are averaged over different periods and discounted at different rates, and a single amount field would make those rules unexpressible.
Verified income and qualifying income are also separate ideas — one is what a vendor reported, the other is what a guideline permits counting. See Income for the calculation layer.
Properties
| Property | Type | Definition |
|---|---|---|
annual_income | decimal | Annual income refers to the yearly financial earnings of an individual or organization. |
bonus_income_amount | integer | Bonus income refers to an additional amount of money that an individual receives on top of their regular salary or wages. This type of income is usually provided as a reward or incentive for achieving specific goals or milestones, such as meeting sales targets or completing a project ahead of schedule. |
income_amount | integer | Income amount refers to the total amount of money that an individual or entity receives during a specified period. |
income_description | string | A description of income is a statement or summary that provides details about an individual's or entity's sources of income. It typically includes information about the type of income, such as wages, salaries, commissions, bonuses, dividends, interest, or capital gains. |
income_identifier | string | An income identifier is a unique identifier for the income record of an individual or organization. |
income_pay_frequency_type | enumeration | Income pay frequency refers to the frequency at which an individual or entity receives payment for their work or services. WeeklyBiweeklyMonthlyYearly |
income_type | enumeration | Income type refers to the specific category or source of income earned by an individual or entity, such as earned, investment or rental income. BaseBonusesCommissionsOvertimeMilitary Base PayMilitary Rations AllowanceMilitary Flight PayMilitary Hazard PayMilitary Clothes AllowanceMilitary Quarters AllowanceMilitary Prop PayMilitary Overseas PayMilitary Combat PayMilitary Variable Housing AllowanceContract BasisOther |
income_year | string | Income year refers to the year in which an individual or entity received income. |
other_income_amount | integer | Other income refers to any additional income that an individual receives beyond their regular salary or wages, but that is not categorized as bonus income or overtime income. |
overtime_income_amount | integer | Overtime income refers to the additional pay that an employee receives for working beyond their regular work hours or scheduled shift. Overtime pay is typically paid at a higher rate than regular pay in recognition of the additional time and effort required. |