Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

Many businesses receive advance payment for products and services. In such a case, the monies received are not earned income because the business will provide the products or services at a later date.

View post: Lululemon eyes key growth market and it's not the U.S. Lululemon eyes key growth market and it's not the U.S.

An individual’s taxable income is the amount of money they’ve received over the course of a particular tax year in both earned income and unearned income. This number determines their tax liability.

The kiddie tax is a set of tax rules designed to prevent parents from reducing their tax burden by shifting investment income to their children. It applies to children under the age of 18, or ...

Small businesses, especially in the service sector, may collect revenue in advance of delivering their offerings. For example, a tanning salon might sell a package of 12 sessions for an upfront ...