- Questionnaire Text
- Source Variables
- Editing Procedure
INCBUSFM reports the respondent's net pre-income-tax business, professional practice, and farm income for the previous calendar year. This is the amount earned after subtracting business expenses from gross receipts. It includes any money earned working for one's own concern(s), including partnerships; it does not include non-cash benefits (such as the free consumption of one's own product or service), nor does it include any income earned as an employee, which is contained in INCWAGE.
Amounts are expressed in contemporary dollars; users must adjust for inflation (See INCTOT for Consumer Price Index adjustment factors).
INCBUSFM is a 5-digit numeric variable reporting each respondent's net pre-income-tax business, professional practice, and farm income for the previous calendar year. INCBUSFM specific variable codes for missing, edited, or unidentified observations, observations not applicable (N/A), observations not in universe (NIU), top and bottom value coding, etc. are provided below by Census year (and data sample if specified).
User Note: Amounts are expressed in contemporary dollars, and users studying change over time must adjust for inflation (See Description).
INCBUSFM Specific Variable Codes
-0001 = Net loss (1950)
99999 = N/A
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