Income and Expense Table in English: A Complete List

An income and expense table is an essential tool for tracking your financial status. It helps you understand where your money is going, how much you are earning, and where you can cut back on expenses. In this article, we will provide you with a comprehensive list of income and expense items in English, along with their meanings and examples.

1. Income Items

2. Salary

A salary is the payment made to an employee by an employer for work performed. For example, if you earn $3000 per month from your job, your salary is $3000.

3. Hourly Wage

An hourly wage is the amount paid to an employee for every hour worked. For example, if you earn $15 per hour working at a restaurant, your hourly wage is $15.

4. Commission

Commission is a percentage of the sales made by an employee who sells products or services on behalf of the company. For example, if you earn a commission of 10% on every sale made through your online store, you will earn $10 on each sale.

5. Tips

Tips are additional payments given by customers to employees for good service in restaurants, hotels, and other service-based industries. For example, if you earn $200 in tips from customers during a month, your total monthly income would be $3200 ($3000 + $200).

6. Rental Income

Rental income is the money earned from renting out a property such as a house, apartment, or room. For example, if you rent out a one-bedroom apartment for $1200 per month, your rental income would be $1200.

7. Dividends

Dividends are payments made by companies to their shareholders as a portion of their profits. For example, if a company pays out $2 per share in dividends, and you own 10 shares worth $100 each, you would receive $20 in dividends (10 shares x $2 per share = $20).

8. Royalties

Royalties are payments made to an individual for using their intellectual property such as music, books, or artwork. For example, if you write a book and it sells for $10 million, you would receive a royalty payment of $1 million (10% of the sales price).

9. Stock Options

Stock options give employees the right to buy a certain number of shares in the company at a predetermined price within a specified time frame. For example, if you receive stock options worth 100 shares at $50 per share, you can exercise the option to buy 100 shares at $50 per share when they are sold publicly.

10. Other Sources of Income

Other sources of income include winnings from gambling or lottery, freelance work, rental property income from vacation homes or rental properties outside of your primary residence, and passive income from investments such as real estate or stocks.

11. Business Income

Business income is the revenue generated by your business operations such as selling products or services. For example, if you run an online store and sell $50,000 worth of products in a single month, your business income would be $50,000.

12. Product Sales Revenue

Product sales revenue is the amount of money earned from the sale of physical products such as clothing, electronics, or furniture. For example, if you sell $10,000 worth of clothing in a single year, your product sales revenue would be $10,000.

13. Service Sales Revenue

Service sales revenue is the amount of money earned from providing services such as consulting, coaching, or consulting services. For example, if you charge $2,500 for a one-hour consulting session with clients, your service sales revenue would be $2,500.

14. Advertising Revenue

Advertising revenue is the money earned from displaying ads on your website or social media platforms. For example, if you have

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