Obstetrics & gynaecology

Will having a baby leave you broke?

Increasing the rate of paid maternity leave, so it is tied to prior earnings, rather than just increasing the time off work, could lead to better and fairer outcomes for Australian families.

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Income

Income, refers to the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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