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Glossary entry

English term or phrase:

Personal exertion

English answer:

(directly) earned income (derived from personal exertion)/ (solely personal) earned income

Added to glossary by Lingopro
Dec 26, 2012 07:00
11 yrs ago
4 viewers *
English term

Personal exertion

English Bus/Financial Law: Taxation & Customs US-EN types of income
Merry Christmas!
I hope someone is there to answer...
What is the US-EN term for "income from personal exertion" (personal exertion seems to be used mostly in commonwealth countries).
TIA
Responses
4 +4 (directly) earned income (derived from personal exertion)/ (solely personal) earned income
References
Personal handiwork.
Unearned Income might steer you in the right direction, despite my misgivings

Discussion

Peter Skipp Dec 26, 2012:
Sure -- little exertion. Digressing here, but "earning" is the receipt of money (or goods/favours) and does not necessarily call for effort. "Unearned income" strikes me as odd in the way that "undriven mileage" might strike you when referring to a car. Imagine a claim that, though a car has covered 100,000 miles, most of it is "undriven," having been covered on flat or descending ground :)
Lingopro (asker) Dec 26, 2012:
Thanks for taking the time to answer ;-)
BTW, income from rent, inheritance, stocks, etc seems like income without (or little) personal effort/exertion.
Peter Skipp Dec 26, 2012:
Thanks for putting me right on this. Income from personal effort sounds good! Even if there is a term, it must be very obscure, and your formulation explains it wonderfully.
Lingopro (asker) Dec 26, 2012:
Hey Peter, it's income from personal effort (which is the term I will use), i.e. from doing actual work and not income from rent, inheritance, etc.
Peter Skipp Dec 26, 2012:
Lingopro, to get our terms straight, am I right in understanding such income as being rentals or lease payments from inherited property, or else things like payments from film productions for the use of inherited assets (vintage cars, furnishings, country houses)?
If my understanding is correct, then your formulation "income received without personal exertion" is as good as any. It certainly is a lot better than the terminological contradiction of "unearned income" which I have come across more than once in similar contexts. (How can income not be earned? If it were not earned, it would not be income. If it were income, it would have to be earned. Yet, the formula is used -- admittedly not universally -- on the wrong-headed assumption that "to earn" is synonymous with applying personal effort or toil.)
---
Spielenschach1, "handiwork" covers a multitude of meanings but my take on "personal exertion" doe not tally with it too closely, if at all.

Responses

+4
7 hrs
Selected

(directly) earned income (derived from personal exertion)/ (solely personal) earned income

or (solely personal) earned income. You could keep "personal effort or exertion" or make it clear it is an income that is personally earned (salary or wages) rather than unearned income

"income from personal exertion/effort" seems to be frequently used in terms of Australian tax law but seems to be less frequent in the US where earned income or earnings seems to be more frequntly used

personal exertion income is defined here (for Australia):

www.apesma.asn.au/connect/small.../independent_operator.asp

"income earned directly from the effort of a person, such as labour or skill."


http://www.studentatlaw.com/articles/166/1/Topic-2--Income-f...

"...The general principle here is that a gain from a person’s labour, in employment or for personal services, is income under ordinary concepts. Incomes from personal services generally have the following indicia:
1. Payment is linked to the provision of employment or services;
2. The payment is often recurrent
3. Services are provided for the purposes of obtaining a gain. .."

In general use though you might substitute "earnings" for income to make it clearer that this is EARNED money.

http://en.wikipedia.org/wiki/Household_income_in_the_United_...

In the USA "household income" can be made up in various ways. See this link

http://en.wikipedia.org/wiki/Household_income_in_the_United_...

"Household income is a measure commonly used by the United States government and private institutions. Each household is measured by the income of every resident over the age of 18. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received(child support given does not deduct income measured), regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely.
The real median earnings of men who worked full-time, year-round climbed between 2006 and 2007, from $43,460 to $45,113 (about 3.6 times minimum wage in 2006 to 3.7 times minimum wage in 2007). For women, the corresponding increase was from $33,437 to $35,102 (2.8 and 2.9 times minimum ..."

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Note added at 7 hrs (2012-12-26 14:36:15 GMT)
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oops, meant to remove "solely personal earned income" from header

anyway, hope it helps

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Note added at 9 hrs (2012-12-26 16:30:30 GMT)
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Season's Greetings!

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Note added at 5 days (2012-12-31 12:34:42 GMT) Post-grading
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glad to have helped:-) I wish you health, wealth and happiness for 2013 (or 5773!)

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Note added at 5 days (2012-12-31 14:08:12 GMT) Post-grading
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LOL:-)
Note from asker:
Very helpful indeed! Thank you very much and happy holidays ;-)
HAHA - no one really uses "that" calendar on a daily basis - it's mostly for formality and a pain in everybody's necks... ;-) Regardless though, thanks for the wish (I see your wish) and I raise you one wish for the Chinese year as well - whenever that starts :-))) I think we'll leave the Mayans out since as far as they were concerned the calendar has ended...
Peer comment(s):
agree AllegroTrans : I prefer " directly earned income" it's unambiguous - Nollaig Shona Dhuit G2!
1 hr
Thanks AT:-). Nollaig Shona agus Athbhlian 2013 faoi mhaise duit!
agree Tina Vonhof (X)
1 hr
Thanks Tina:-) Season's Greetings!
agree Peter Skipp
1 hr
Thanks Peter:-) Happy Yuletide!
agree Phong Le
12 hrs
thank you. Hope you're enjoying the holiday season
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you very much!!! I wish you a healthy and prosperous 2013 ;-)"

Reference comments

3 hrs
Reference:

Personal handiwork.

Note from asker:
Thank you but that's not exactly the intention.
Peer comments on this reference comment:
disagree AllegroTrans : "handiwork" is not used to describe employment activity
5 hrs
Muito bem, aceito, mas a linguagem figurada é o dia-a-dia
Something went wrong...
5 hrs
Reference:

Unearned Income might steer you in the right direction, despite my misgivings

http://en.wikipedia.org/wiki/Unearned_income

The Wikipedia article centres on rentals and property ownership. This _might_ be what you are after, though what the specific US accounting term is, I admit to having no idea...
Peer comments on this reference comment:
neutral Tina Vonhof (X) : I think that's the opposite: income not earned through personal exertion.
4 hrs
Something went wrong...
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