Percentage of income. An amount equal to the following percent- age of the excess of the taxpayer’s household income for the taxable year over the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer for the taxable year:
Percentage of income. IST agrees that Vanguard shall receive a Fifty (50%) share of the net income after the preferred return to IST of 15% from management or other contracts IST receives in support of the Remote Cockpit project.
Percentage of income. You will pay 2.70 % of your Individual Earned Income each month, except that your obligation will be zero in months where: • Your Individual Earned Income (on an annualized basis) is below a Lower Income Cut-Off of $42,500.00 (adjusted annually for inflation), or • You have been granted a Payment Relief Pause. Furthermore, any monthly Individual Earned Income that is above $79,700.00 (expressed annually, or annual $6,641.67 monthly) (an "Upper Income Cut-Off," explained in more detail below) will not be included in your monthly payment calculation. Each year, you may also have a reconciliation payment due, or receive a credit, depending on whether your payments for the year were more or less than what you would owe based on your total income for the calendar year (as shown on your tax documentation). Note: The percentage amount above is not an interest rate. Finish Points, Payment Window, Early Completion: Your obligation under this agreement ends when you reach any one of the following Finish Points: • You have made 120 Monthly Payments calculated by multiplying the Percentage of Income by your Individual Earned Income each month (when your income is above the Lower Income Cutoff) ("Income- Determined Payments"), and you have paid any required reconciliation payments and fees; or • You have reached the 240-month maximum length of the Payment Window, and you have paid any required reconciliation payments and fees. (Any months when you are using a Payment Relief Pause will not count toward the Payment Window ); or • Your payments, including any Pay Ahead amounts, reach the Early Completion Amount, plus any outstanding fees. Fees: • Application Fee: No • Returned Payment Fee: $30.00 • Disbursement Fee: No • Failure to Provide Documents Fee: $20.00 • Origination Fee: No • Stop Payment/Returned Check/Returned • Late Fee: $7.80 or 5% of the Monthly ACH Fee: $30.00 Payment amount, whichever is greater Privacy and Confidentiality: Your privacy is important to Better Future Forward, Inc. You have been provided with the Privacy Policy that sets forth how we use your information. The Privacy Policy is also available at xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xxx/s/glba-privacy-policy Your Agreement with Better Future Forward Opportunity ISA Fund (CP2), LLC. SAMPLE THIS INCOME SHARE AGREEMENT (this "Agreement"), dated as of 08/15/2022 (the "Effective Date"), is by and between Better Future Forward Opportunity ISA Fund (CP2), LLC ("Funder"), a corporation with its principal p...
