The term "comprehensive income" is used in those situations when they talk about the total amount of money, which is reflected in legal documentation or accounting. This is the result of the activities of an enterprise.
The meaning of the term
Aggregate income is a figure that includes funds raised for a period by a company or family, an entire state, a manufacturing holding company, or any company.
This economic indicator is calculated in relation to a specific period of time. It does not play a big role in which ways the total income was compiled and received. The main thing in this matter is the result that the “treasury” has come to. Funds could be earned, received as a gift. This may be the proceeds from the sale. Other options are possible.
The volume of total income can be calculated in different currencies. The total amount may include everything that is earned by a specific person for a certain time period. To summarize the results, take the indicators that were achieved during the quarter or the total comprehensive income for the month.
Also use a longer time to knock out the results. It can be a year or a half year. Fill out a special declaration, which contains a detailed report.
If a decrease has occurred
If the management and economists of the company notice that they have become hostages of a situation in which the level of total income goes to decline, we can talk about a negative trend for the enterprise. The reason for this may be the restriction of benefits that come from outside.
In the income tax card you can see detailed information about the funds that go to the enterprises from the budget. Indicated there are amounts that are not subject to interest.
Total income may become less exactly by the amount that is deducted in favor of pension taxation. Figures for a specific period of time can be found by looking at a card containing data on charges and deductions.
The reasons
Also, total annual income may decrease by a minimum that is not taxed by the state. Its amount may consist of the total number of payments multiplied by the number of months. If the minimum value of wages is exceeded, then we can talk about the increase in interest that will need to be paid. Because of this, the resulting funds will be reduced.
If we talk about beneficiaries, there are their various categories. For them, income may also decline. Considering a family or an individual, we can say that subsidies, funds coming from alimony and payments of a social plan do not matter much. Also, the amount of money received from the sale of own housing, a summer cottage or a vehicle is not relevant to the issue.
In what situations does an increase occur?
The basis for the formation of total income is traditionally taken by salaries and profits of the enterprise or individual. In addition, do not forget about bonuses, the so-called 13th wage, other sources of profit. It can be both financial cash flows and non-financial.
However, all the same, in the end, in order to draw a conclusion, they rely on the economic equivalent, which is precisely the currency. In family conditions, as a rule, they are repelled from the calendar year, if no benefit has been received for children during this period.
When it comes to construction, the difference between gross revenue and the price of various materials for the construction is taken as the basis.At the same time, every economist should take into account that funds received from bonds over a long period can help increase the cost of capital for a considerable period of time.
Regarding a private person
For an individual, they consider all the income that he managed to get. This is the salary and all that he earned in the process of entrepreneurship. An important detail is that if a citizen lent borrowed funds from a bank, they should also not be deducted from the accounts when calculating the final income indicator.
Bonuses and additional payments are added to the salary. In addition, accounting for intangible income is considered an important issue. Legislation that is in effect today has decided that such resources should be translated into tangible, computable form. For this, the state has official prices. If a situation occurs in which it is impossible to find the necessary number in the registry, they turn to the situation prevailing in the market and make a comparison.
For a legal entity
If we are talking about an enterprise, its income is made up of the revenue earned over a certain period of time. This is the amount by which company goods were sold. The state also calculates these indicators for itself. This includes funds received from citizens in the form of taxes that were subject to registration within the country.
Also, those influences in the sphere of finance that other states, all kinds of funds and a number of enterprises could have had are destined. It takes into account all the finances collected for citizens, that is, residents of the country. If we consider joint-stock activities, it is worth considering two components: dividends and rising capital prices. The value of a shareholder’s funds is inextricably linked to market prices that are assigned to shares held by the enterprise.
