Earned definitions
| Word backwards | denrae |
|---|---|
| Part of speech | The part of speech of the word "earned" is a verb. |
| Syllabic division | earned: earned |
| Plural | The plural of the word "earned" is "earneds." |
| Total letters | 6 |
| Vogais (2) | e,a |
| Consonants (3) | r,n,d |
When it comes to talking about earned income, it refers to the money that a person receives in exchange for work or services provided. This type of income is typically earned through wages, salaries, bonuses, tips, and commissions. Essentially, it is the compensation that individuals receive for their time, effort, and skills.
Types of Earned Income
There are various types of earned income that individuals can earn depending on their employment status. For example, wages are payments made by an employer to an employee for the work done during a specific period. Salaries, on the other hand, are fixed amounts that employees receive on a regular basis, usually monthly.
Importance of Earned Income
Earned income plays a crucial role in supporting individuals and their families by providing financial stability and meeting day-to-day expenses. It allows people to cover essential needs such as housing, food, transportation, and healthcare. Additionally, earned income enables individuals to save for the future, invest in education, and pursue personal goals.
Distinction Between Earned and Unearned Income
It is essential to differentiate between earned income and unearned income. While earned income is the result of active work or services provided, unearned income comes from passive sources such as investments, royalties, or rental properties. Both types of income contribute to an individual's overall financial well-being.
In conclusion, earned income plays a fundamental role in the lives of individuals, providing them with the means to sustain themselves, support their families, and achieve their financial goals. By understanding the different types of earned income and its significance, individuals can make informed decisions about their finances and work towards a secure financial future.
Earned Examples
- She earned a promotion at work for her hard work and dedication.
- He earned the trust of his teammates by always being there to support them.
- The student earned a scholarship for achieving top grades in school.
- The athlete earned a gold medal in the Olympic Games.
- The musician earned a Grammy award for their latest album.
- The company earned record profits last quarter.
- She earned a reputation for being a reliable and trustworthy individual.
- He earned his way to becoming the captain of the football team.
- The author earned critical acclaim for their latest novel.
- The actress earned a nomination for an Academy Award for her performance.