{"Term":"Ordinary income","Definition":"\u003cp\u003eOrdinary income is income that is not dealt with by another specific part of the tax legislation.\u003c/p\u003e\n\u003cp\u003eTo decide if an amount is ordinary income you need to consider the true nature of the payment as it relates to you. For example, why was the payment made and what have you done in order to receive it? There is usually repetition and regularity to ordinary income although a one-off payment can also be ordinary income in some cases.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}