How do you calculate annual gross income?

[sushiS2 8]

We are just 2 household size including myself and my husband(US Citizen, sponsor), and We are just curious how we officially calculate our annual gross income for AOS.

 

We are both working “hourly”,

and His hourly rate is $11, working 40 hours a week.

and Mine is $10 an hour, working 20 hrs a week.

Some says that we should multiply it by $11X40(hour)X4(week)X12(Month) = about $21,120,

but online and our supervisors say that there are 52 weeks in a year, meaning $11X40(hour)X52(weeks in a year)= $22,880.

 

I am a bit confused and don’t want to mess up on the paper by putting the wrong numbers, so I am not sure what is our official and correct gross annual income that we can put it on AOS, I-865 forms.

 

Thank you for the help!

Wish everyone a good luck for your visa journey!

[Nouchigang 200]

The calculation with the 52 weeks is correct.

But you should have that information on your W2 or your last paycheck of 2020. Somewhere on the paycheck it will say something like  "earning year to date"

[sushiS2 8]

6 minutes ago, Nouchigang said:

The calculation with the 52 weeks is correct.

But you should have that information on your W2 or your last paycheck of 2020. Somewhere on the paycheck it will say something like  "earning year to date"

Thank you for your reply!

My husband only started working from June, 2020 so Earning year to date was lower than expected gross annual income,

so I was not sure which number to put on as gross annual income on I-865 form.

[Nouchigang 200]

24 minutes ago, armyi1020 said:

Thank you for your reply!

My husband only started working from June, 2020 so Earning year to date was lower than expected gross annual income,

so I was not sure which number to put on as gross annual income on I-865 form.

So do hourly rate× 40hrs× 26

Is he still at the same job?

Just to be cautious and since your husband worked just half of the year 

I would recommend a co-sponsor

[sushiS2 8]

2 minutes ago, Nouchigang said:

So do hourly rate× 40hrs× 26

Is he still at the same job?

Just to be cautious and since your husband worked just half of the year 

I would recommend a co-sponsor

Awesome.

And yes, He is still working and we have an employment letter stating the start date to current. It’s just because we are just college grads so we currently started working full times.

 

Thank you so much.

[flicks1998 1,044]

17 hours ago, Nouchigang said:

So do hourly rate× 40hrs× 26

Is he still at the same job?

Just to be cautious and since your husband worked just half of the year 

I would recommend a co-sponsor

 

17 hours ago, armyi1020 said:

Awesome.

And yes, He is still working and we have an employment letter stating the start date to current. It’s just because we are just college grads so we currently started working full times.

 

Thank you so much.

If its "From June" I would think its more than 26 weeks since that is exactly half a year. From the beginning of the June is longer than that period.  Normally when people take annual salary and break it into an hourly rate, they divide salary by 2,080 hours (52 weeks x 40 hours/week).  Id use a similar calculation for estimating your annualized hourly pay. 

[sushiS2 8]

1 hour ago, flicks1998 said:

 

If its "From June" I would think its more than 26 weeks since that is exactly half a year. From the beginning of the June is longer than that period.  Normally when people take annual salary and break it into an hourly rate, they divide salary by 2,080 hours (52 weeks x 40 hours/week).  Id use a similar calculation for estimating your annualized hourly pay. 

Thank you!

So for the I-864, where it asks “Your annual income”, Should I put the 52 weeks calculation(about $22K) or last year’s W2(about $11K cause started in June)?

[Ayrton 965]

On 3/5/2021 at 2:51 PM, armyi1020 said:

Thank you!

So for the I-864, where it asks “Your annual income”, Should I put the 52 weeks calculation(about $22K) or last year’s W2(about $11K cause started in June)?

For Individual Annual Income, use x52. Individual Annual Income is based on a 1 year period (annual) not on last year's income. This number is before taxes, deductions, anything.

 

For the next question about taxes, that's a different number. You will look on the latest returns to find the Total Incomes line.

 

I see that you're using both incomes. You can only use the immigrant income if this income is likely to continue (for example some school jobs that will end after graduation shouldn't be counted since it's gonna end).

 

If you're still going to keep your income, than you should be fine. I would find a joint sponsor just to be safe in case they send a RFE.

[Crazy Cat 41,884]

On 3/5/2021 at 1:51 PM, armyi1020 said:

Thank you!

So for the I-864, where it asks “Your annual income”, Should I put the 52 weeks calculation(about $22K) or last year’s W2(about $11K cause started in June)?

Current annual income is calculated as follows:

CURRENT pay period gross income X number of pay periods per year = Current annual income.