minimum income threshold
noun phraseUK /ˈmɪnɪməm ˈɪnkʌm ˈθreʃhəʊld/
US /ˈmɪnɪməm ˈɪnkʌm ˈθreʃhoʊld/
The smallest amount of money you must earn to get help or qualify for something.
The family qualified for housing aid because their earnings were below the minimum income threshold.
OTHER MEANINGS
2. The lowest pay level an employer is allowed to offer under a wage agreement.
The union negotiated a minimum income threshold for all new hires.
3. The least income a borrower needs to be approved for a loan.
Banks often set a minimum income threshold before granting a mortgage.
4. The earnings level below which a person pays no income tax.
Low-wage workers below the minimum income threshold are exempt from filing.