Total income calculation

[vk2947 0]

What is the best way to come up with an annual income?

I've seen some calculate the YTD net and divide it by whatever month

they're in and multiply by 12. Would this be the best way to do it?

[Cesar & Cata 35]

What is the best way to come up with an annual income?

I've seen some calculate the YTD net and divide it by whatever month

they're in and multiply by 12. Would this be the best way to do it?

Well this really depends on how steady your work is, in my case I work full-time (40 hr weeks) all year. I get paid 2 times for month so what I did is just see my pay in a given pay period and multiply by 24 (which is how many checks I will get in a year).

The YTD amount divided by Month of year then, multiply by 12 will also work if your pay is stable throughout the year.

[Thomas&Cleofe 358]

You use last years tax return for annual income and current paystubs for current income.

[vk2947 0]

You use last years tax return for annual income and current paystubs for current income.

Wow thanks for clarifying that! I almost missed that small step.

Do any of you also know if a USC step child is included in the household size?

I've read some threads that you don't have to and some that you should?

My husband is petitioning for me, but not my daughter since she was born here. He hasn't claimed her on any taxes yet.

*Confused and going crazy from all this paperwork!!*

[vk2947 0]

Wow thanks for clarifying that! I almost missed that small step.

Do any of you also know if a USC step child is included in the household size?

I've read some threads that you don't have to and some that you should?

My husband is petitioning for me, but not my daughter since she was born here. He hasn't claimed her on any taxes yet.

*Confused and going crazy from all this paperwork!!*

oh and thanks!