earnings

compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program.

Defined by the Supreme Court in Kokoszka v. Belford, 417 U.S. 642 (1974).

That which Is gained or merited by labor, service, or performance. 47 Wis. 113. It is a term of larger import than "wages," bjit in its general acceptation, does not mean net earnings unless qualified in some way. 182 111. 169; 102 Mass. 235. See "Gross Earnings."

The word has been used to denote a larger class of credits than would be included in the term wages. Jenks v. Dyer, 102 Mass. 235; Somers v. Keliher, 115 Mass. 1G5. See Jason v. Antone, 131 Mass. 534. It also means gains derived from services or labor without the aid of capital. Brown v. Hebard, 20 Wis. 330, 91 Am. Dec. 408. Surplus earnings is an amount owned by a company, over and above the capital and actual liabilities. People v. Board of Com'rs, 76 N. Y. 74. Net earnings, generally speaking, are the excess of the gross earnings over the expenditures defrayed in producing them, aside ping the works themselves. Enion Pac. R. Co. v. U. 8., 99 I". S. 420, 25 I.. Ed, 274. They include "tips"; [1908] 1 K. B See Dividends.

This term is used to denote a larger class of credits than would be included in the term "wages." Somers v. Keliher, 115 Mass. 165; Jenks v. Dyer, 102 Mass. 235. The gains of the person derived from his services or labar without the aid of capital. Brown v. Hebard, 20 Wis. 330, 91 Am. Dee, 408; Hoyt v. White, 46 N. H. 48.

— Gross earnings and net earnings. The gross earnings of a business or company are the total receipts before deducting expenditures. Net earnings are the excess of the gross earnings over the expenditures defrayed in producing them, and aside from and exclusive of capital laid out in constructing and equipping the works or plant. State v. Railroad Co.., 30 Minn. 3ll, 15 N. W. 307; People v. Roberts, 32 App. Div. 113, 52 N. Y. Supp. 859; Cincinnati, S. & C. R. R. Co. v. Indiana, B. & N. Ry. Cm, 44 Ohio St. 287, 7 N. E. 139; Mobile & O. R. Co. v. Tennessee, 153 U. S. 486. 14 Sup. Ct. 968, 38 L. Ed. 793; Union Pac. R. Co. v. U. S-, 99 In S. 420, 25 In Ed. 274; Co.tting v. Railway Co., 54 Conn. 156, 5 Atl. 85L

— Surplus earnings of a company or corporation. the amount owned by the company over and above its capital and acfuai liabilities. People v. Com'rs of Taxes, 76 N. Y. 74.

This term is used to denote a larger class of credits than would be ineluded in theterm “wages.” 102 Mass. 235; services or labor without the aid of capital. 20 Wis. 380. See, also, 46 N. TI. 48. “Gross” earnings are the total receipts before deducting expenditures. “As a general preposition, net earnings are the excess of the gross earnings over the expenditures defrayed in producing them, aside from, and exelusive of, the expenditure of capital laid out in constructing and equipping the works themselves.” 99 U.S. 420. See, also, 44 Ohio St. 515, 7 N. E. Rep. 189; 54 Conn. 168, 5 Atl. Rep. 851. “Surplus” earnings of a company or corporation means the amount owned by the company over and aboveits capital and actual liabilities. 76 N. Y. 74.