The Wisconsin Income and Expense Statement is a financial document that records income and expenses for a given period of time. It is used to provide information to the state of Wisconsin for tax purposes, as well as to budget and track finances. It is also used for filing Wisconsin income taxes. The Wisconsin Income and Expense Statement includes two main categories: income and expenses. Income is divided into two sections: earned income and unearned income. Earned income includes wages, salaries, tips, commissions, and bonuses. Unearned income includes dividends, interest, and capital gains. Expenses are divided into two categories: non-deductible expenses and deductible expenses. Non-deductible expenses include clothing, entertainment, and other personal items. Deductible expenses include medical expenses, mortgage interest, and property taxes. There are two types of Wisconsin Income and Expense Statements: individual and business. The individual statement is used by individuals filing their own taxes. The business statement is used by businesses filing taxes on behalf of themselves or their employees.