Glossary - (please search from search menu)

Earned Income

Reg - earned income is what you are paid. If you in a paid job working for someone else then it’s your salary. If you are a sole trader that’s revenue minus expenses. The current income tax rates are given in the glossary – earned income rates.

Aunty May - Typically what you are paid in return for working for someone.

We will get caught up on what is counted as income (meaning all sources of income relevant to personal taxation) and salary. I have used earned income, although I hate the term. It seems to imply that other income is somehow not earned or even – “un-deserved income”. In the context of personal taxation, earned income is salary plus any rent you receive on property.