Gross-income sentence example

gross-income
  • The MAGI is a taxpayer's adjusted gross income plus the amount of any tax deductions such as IRA contributions, student-loans and college costs.
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  • The gross income for the year 1907 amounted to £2,702,228, of which £257,920 was paid to the Post Office in respect of royalties.
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  • According to the reports of the Inland Revenue Commissioners, the gross income derived from the ownership of lands in Scotland was returned in1879-1880at £7,7 6 9,3 0 3.
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  • The gross income from the state railways is 26,607,622, and the net income 4,684,856 marks.
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  • In cases where alimony and child support are ordered, the same gross income calculation is used to create both separate payments.
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  • Imagine putting a whole year's gross income into your pension!
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  • Income The questionnaire asked respondents to classify their current personal annual gross income within brackets ranging from under £ 5,000 to over £ 80,000.
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  • Experts evaluate a debt burden as 40 percent of household gross income.
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  • Most states will require at minimum the number of children involved, net or gross income of parents, and who pays the insurance premiums.
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  • In addition to the items listed above, "Hardship Deductions" may be made from gross income.
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  • The gross income used in the initial maintenance order shall not be modified to reflect income earned after the divorce is finalized.
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  • In addition, if both child support and alimony payments are ordered, a deduction will be made from the gross income used in the second support calculation to reflect the amount of maintenance already scheduled to be paid.
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  • New reform would cap the alimony amount ordered at 30 to 35 percent of the payer's gross income.
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  • While specific figures vary by lender, most insist that your monthly gross income be equal to, or greater than, three or four times the amount of your mortgage payment.
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  • Other factors you may need for mortgage calculations are the zip code of your potential property (to estimate insurance and tax), your gross income and your total monthly debts.
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  • Under this program, the lender is supposed to lower the interest rate so the monthly mortgage payment is 38% or less of their monthly gross income.
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  • The general guideline is that you can give up to 50% of your adjusted gross income in cash contributions, and 30 percent for property.
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  • Requirements include having a gross income at or below 130 percent of the federal poverty level and a net income at or below 100 percent of the federal poverty level, among others.
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  • You won't miss the money. 401K contributions deducted from your paycheck are taken out as pre-tax dollars from your gross income.
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  • Any funds received by an eligible employer are not included in the company's gross income.
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  • The IRS limits the amount of these deductions to 7.5 percent of the taxpayer's annual gross income.
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  • Additionally, taxpayers can only deduct charitable donations up to a maximum of 50 percent of their annual gross income.
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  • A deduction is an amount of money which is subtracted from a taxpayer's annual gross income.
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  • You will need to estimate your annual gross income to determine the amount you owe.
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  • A good rule of thumb for SEO budgeting is 3% to 10% of your gross income.
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  • Gaine, general manager of the company, stated before the Select Committee that in the view of the directors the bargain was a hard one, because it gave no consideration in respect of the goodwill of the great business, with its gross income of over £ 2,000,000 per annum and its net revenue of over £750,000, which the company had built up. The company had had to pay for all the experiments and mistakes which are inherent in the launching and development of any new industry.
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  • The net income for the paying parent and the recipient is calculated by deducting the allowable deductions from each party's gross income.
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  • Some grant programs require applicants to submit tax returns or provide information about gross income and itemized deductions.
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  • Positions include boat owner, who receives half of the gross income.
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  • Midland Mortgage Company takes gross income into consideration when pre-qualifying individuals for their mortgage payment.
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  • The MAGI is your Adjusted Gross Income plus any deductions you might be taking on your tax return for student loans, higher education costs, IRA contributions or foreign housing.
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  • Eligibility - The maximum modified adjusted gross income (MAGI) for single taxpayers is $75,000 and $150,000 for married couples.
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