Income which is received in advance but not
yet earned is called unearned income. For example: Unearned Fee,
Unearned financial gain is all income that's not earned from your job or from your business. Some common varieties of unearned income are:
- The value of food or shelter that somebody provides you, or the amount of money they offer you to assist obtain them;
- Department of Veterans Affairs (VA) benefits;
- Railroad retirement and railroad state benefits;
- Annuities, pensions from any government or private supply, workers' compensation, state insurance edges, black lung edges and social security benefits;
- Prizes, lottery winnings, settlements and awards, together with court-ordered awards;
- Payoff of insurance policies;
- Gifts and contributions;
- Support and maintenance payments;
- Inheritances in money or property;
- Rental income; and
- Earnings and alternative edges from unions.
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