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LSDefine

Simple English definitions for legal terms

current income

Read a random definition: contemn

A quick definition of current income:

Current income is the money you get from working, owning a business, investing, or receiving gifts. It's the money you expect to receive during a certain period of time. It's different from money you've earned but haven't received yet, which is called accrued income. Current income is important for calculating taxes and budgeting your expenses.

A more thorough explanation:

Current income refers to the money or payment that a person receives periodically from their employment, business, investments, royalties, gifts, and other sources. It is the income that is due within the present accounting period.

Examples of current income include:

  • Wages or salary earned from a job
  • Income earned from a business
  • Interest earned from savings accounts or investments
  • Rental income from a property
  • Dividends received from stocks

These examples illustrate how current income is the money that a person is currently earning or receiving from various sources. It is important to keep track of current income for budgeting and tax purposes.

current funds | current market value

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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