Key Difference: If you want to know the contradictions of the words “Income” and “Profit”, then you are in the right place. Today we will show you that with the proper explanations, and when/where/how to use these terms while talking in English. Many people use these words interchangeably and that is not correct. Income is an earning amount of our work. Whereas, profit is the extra amount that we can have after spending money on something. Let’s see the difference between them.
Income: What is your monthly income?
Profit: This investment will multiply our profit.
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Income:
Wages
As we said earlier, Income is nothing but a salary that we can earn per month or year because of doing the work or job. Let’s see an example to make it clear for you. They run their family with a fixed income. From this statement, we might understand that someone runs his or her family with his earnings. Here we come up with another example for your reference. This temple makes a good income from tourist people.
How Do We Spell the Word Income?
Phonetics pronunciation of the word Income is ˈɪnkʌm. And this word sounds like the following audio.
Enunciation:
Syllables are phonological building blocks of words. It divides the words into parts that can help you read words more accurately. Let’s see how to split the word How using syllables. Learning syllables can also help you to spell words correctly.
- The word “Income” has two syllables.
- It can be divided into “In-come.”
Using “Income” in sentences:
- I am satisfied with my current income.
- Her annual income is over $170,000.
- She loves to spend most of her income on clothes.
- We can gain more income from this business.
- Everyone wants to get a high-income job.
Profit:
Financial Gain
The word “profit” is used to mention the extra amount that we can get through the work or the amount that we can have in our hands after spending money on all the needed things. Let’s see an example to make it clear for you. Our total profits are higher this year. From this statement, we might understand that some people have a good profit this year. Here we come up with another example for your reference. He demanded a 50-50 split in the profits. From this statement, we might understand that someone wants fifty percent of the profit.
How Do We Spell the Word Profit?
The phonetics pronunciation of the word Profit is ˈprɒfɪt. And this word sounds like the following audio.
Enunciation:
Syllabification refers to the process of division of words into smaller parts. It is commonly known as syllables. With its help, you can easily read and spell the word accurately. Here, you will see how to split the word “Profit” by syllables.
- The word “Profit” has two syllables.
- It can be divided into “Prof-it.”
Using “Profit” in sentences:
- It doubles the profit.
- She works in a non-profit organization.
- Our school is not run for profit.
- We can share the profit amount.
- Our restaurant finally gets a profit.
Compare: Income Vs Profit
This table will show the contradiction between the words’ Income and Profit.
| Income | Profit | |
|---|---|---|
| Definition | The total money we can earn from our work. | The financial gain of money through the work. |
| Synonyms | Earning, salary, gain, turnover, yield | Interest, benefit, surplus, gain |
| Antonyms | Expenditure, outgoings | loss |
| Etymology | Middle English (in the sense ‘entrance, arrival’, now only Scots): in early use from Old Norse innkoma, later from in + come. The current sense dates from the late 16th century. | Middle English (in the sense ‘advantage, benefit’): from Old French, from Latin profectus ‘progress, profit’, from proficere ‘to advance’, from pro- ‘on behalf of’ + facere ‘do’. The verb is from Old French profiter . |
| Examples | What is your annual income? He has a steady income from multiple properties. We need to live on a fixed income. I need to pay income tax this year. It is difficult to live on a fixed income. | Our profit is growing. The profits are shared out equally among the partners. Our profits are increased significantly over the last five years. The total profits are higher this year. I made a profit from selling flowers. |
Resources and References:
Resources: Cambridge Dictionary (Income, Profit), Merriam-Webster (Income, Profit), Collins Dictionary (Income, Profit), Dictionary.com (Income, Profit)
Reference: Dictionary.Cambridge.org[1], Merriam-Webster.com[2], CollinsDictionary.com[3], Dictionary.com[4].