Define: Total Income

How is Total Income defined in a legal contract?

• Total Income means the entire amount, aside from a specified income, that a party acquires during an accounting period prior to any deductions. Seen in 16 SEC filings
• Total Income means the sum of a party's income, other than income taxed under a specific part of the law, and chargeable to tax under a different part of the law, as determined under a certain legal part. Seen in 15 SEC filings
• Total Income means the entire remuneration received within the taxable year for services provided. This includes salaries, wages, bonuses, and any other form of compensation paid within the taxable year for services in that year. This term does not include benefits associated with strikes, severance pay, termination pay, contract buy-out payments, relocation payments, or any other payment unrelated to services provided to the team. Seen in 11 SEC filings
• Total Income means the total revenue calculated as net sales plus other operating revenues plus other income as recorded and described in the company's account books. Seen in 8 SEC filings
• Total Income means the adjusted gross income of the owner and the owner's spouse for the year preceding the application for a reduced loan under a specific program, as determined under a specified law, and adjusted as specified. Seen in 8 SEC filings
• Total Income means the average income, after tax payment, declared in a tax return over a stated timeframe. Seen in 7 SEC filings
• Total Income means the Ohio adjusted gross income of the owner and the owner's spouse for the year preceding the year in which application for reduction in taxes is made, as determined under a legal division. Seen in 7 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of total income' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Total Income means the complete monetary gain, aside from specified income, accrued within a defined accounting period prior to deductions.

Relevant Contract Types

• Employment Contracts
• Business Partnership Agreements
• Freelance/Independent Contractor Agreements

Relevant Circumstances

• Calculation of employee bonuses or commissions.
• Financial reporting and audits.
• Profit sharing or distributions in a partnership agreement.

Relevant Sectors

• Financial Services
• Real Estate
• Technology and SaaS Companies

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Genie Definition 2

• Total Income means the average post-tax income declared over a specified duration.

Relevant Contract Types

• Loan Agreements
• Lease Agreements
• Credit Agreements

Relevant Circumstances

• Determining eligibility for a loan or credit card.
• Calculating rent or lease payments based on income.
• Financial planning and tax reporting.

Relevant Sectors

• Banking
• Residential and Commercial Real Estate
• Consumer Finance

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