Income before taxes (Consumer Expenditure Survey)

What is Income before taxes (Consumer Expenditure Survey)?

Income before taxes (Consumer Expenditure Survey) meaning in Labor terms is Income before taxes is the total money earnings and selected money receipts of all consumer unit members aged 14 years or older during the 12 months prior to the interview date. It includes the following components: wages and salaries; self-employment income; Social Security, private and government retirement; interest, dividends, rental income, and other property income; unemployment, workers’ compensation and veteran’s benefits; public assistance, supplemental security income, and food stamps; regular contributions for support (including alimony and child support); other income (including cash scholarships, fellowships or stipends not based on working, and meals and rent as pay).

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

Tags: