income from continuing operations: revenue minus
expenses, including taxes. This doesn't include income from
discontinued operations, like a closed arm of the corporation;
extraordinary items or the financial effect of a change in
accounting principles.
income statement: see profit-and-loss statement. income tax: a tax on the income earned by individuals
and corporations.
index number: a measure of relative value compared to
a base number.
individual retirement account (IRA): you may place
$2,000 a year in these accounts, which are used to invest in
stocks, certificates of deposit, etc. The contributions may be
tax deductible depending on whether you're covered by a com-
pany retirement plan and whether your adjusted gross
income is low enough. IRAs accumulate money tax-
deferred.
