Description

Earned income refers to the money received for work performed or services rendered, typically through wages or salaries. It is distinct from passive income, which is generated from investments or other sources without active involvement.

Interpreter Notes

Interpreters should be aware that 'ingreso devengado' and 'renta ganada' are used interchangeably in formal contexts. Be cautious of colloquial terms that may arise in conversation, but it is best to stick to the glossary terms in professional settings to avoid confusion.

Example Sentences

EN: Many people rely on earned income to support their families and cover living expenses.

ES: Muchas personas dependen del ingreso devengado para mantener a sus familias y cubrir los gastos de vida.

Common Interpreter Mistakes

Confusing 'ingreso devengado' with 'ingreso pasivo'; misinterpreting 'renta ganada' as a type of rental income; mixing up terminology related to income types.