Deemed income definition

Deemed income means income attributed to another person whether or not the income is actually available to the person to whom it is deemed.
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Deemed income means countable income from excluded members of the Colorado Works assistance unit, as found in Sections 3.609.2 – 3.609.4.
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Deemed income shall have the meaning specified in Section 11.8.
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Examples of Deemed income in a sentence

  • Deemed income may be shown in various boxes, for example, under the headings ‘Gains on UK life insurance policies…’ and ‘Deemed income’ in question 9 on the SA900 and in box 3.22 on form SA903 Trust and Estate UK Property.

  • Deemed income for those categories of workers identified in W.S. § 27-14-205(b) shall be calculated by determining the amount of premium income necessary to pay actuarially anticipated losses in each category during the rating period, and considering the anticipated number of covered workers and the appropriate premium rate for each category.

  • Deemed income or loss allocations for the period since the last Adjustment Date shall be credited or debited to the Account, as the case may be.

  • Deemed income is unearned income attributed to an applicant or recipient for Medicaid eligibility from an ineligible spouse or parent.

  • Deemed income is addressed in item D,4,a.Countable income is determined as follows: NOTE: When income is deemed from one ineligible spouse, the ineligible spouse's income is added to client's income in Steps 1 and 2.

  • Deemed income actually received is considered countable unearned income.

  • Deemed income on investment in any shares / securities of Indian Portfolio CompanyAs per section 56(2)(x) of the ITA, as inserted by Finance Act 2017, where any person receives any shares and securities from any person for a consideration which is lower than the Fair Market Value (‘FMV’) by more than INR 0.05 million, then the difference between the FMV and consideration shall be taxable in the hands of acquirer as ‘Income from other sources’.

  • Deemed income is addressed in Public Assistance Maintenance Income below.Countable income is determined as follows: NOTE: When income is deemed from an ineligible spouse, the ineligible spouse's deemable income is added to client's income in Steps 1 and 2.

  • GUIDELINES FOR HISTORIC INSTITUTIONAL BUILDING FACADESCHAPTERnance ensures that original features are pro- tected and that costly repairs are avoided.

  • Unit – IV:Income from other sources: Interest on securities, Bond washing transaction, Dividends on shares, casual income, family pension, Gifts received and other general incomes including deductions, Deemed income (Including problems).Deductions from gross total income and Rebates, Clubbing and aggregation of incomes, Set off and carry forward of losses.Computation of total income and tax liability of Individual Assessees, (including problems).


More Definitions of Deemed income

Deemed income means a qualifying loan (within the meaning of Chapter XII).
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Deemed income means a deemed distribution (within the meaning of Chapter VIIIA) and a qualifying loan (within the meaning of Chapter XII).
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Related to Deemed income

  • Earned Income means the net earnings of a Self-Employed Individual derived from the trade or business with respect to which the Plan is established and for which the personal services of such individual are a material income-providing factor, excluding any items not included in gross income and the deductions allocated to such items, except that for taxable years beginning after December 31, 1989 net earnings shall be determined with regard to the deduction allowed under Section 164(f) of the Code, to the extent applicable to the Employer. Net earnings shall be reduced by contributions of the Employer to any qualified plan, to the extent a deduction is allowed to the Employer for such contributions under Section 404 of the Code.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Accrued income means the sum of:

  • Gross income means the gross receipts or gross revenue of a business, received or accrued, for one calendar or fiscal year collected or to be collected from business done within the Municipality. If the licensee has a domicile within the Municipality, business done within the Municipality shall include all gross receipts or revenue received or accrued by such licensee. If the licensee does not have a domicile within the Municipality, business done within the Municipality shall include only gross receipts or revenue received or accrued within the Municipality. In all cases, if the licensee pays a business license tax to another county or municipality, then the licensee’s gross income for the purpose of computing the tax within the Municipality must be reduced by the amount of revenues or receipts taxed in the other county or municipality and fully reported to the Municipality. Gross income for business license tax purposes shall not include taxes collected for a governmental entity, escrow funds, or funds that are the property of a third party. The value of bartered goods or trade-in merchandise shall be included in gross income. The gross receipts or gross revenues for business license purposes may be verified by inspection of returns and reports filed with the Internal Revenue Service, the South Carolina Department of Revenue, the South Carolina Department of Insurance, or other government agencies. In calculating gross income for certain businesses, the following rules shall apply:

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Earnings means, in relation to a Ship, all moneys whatsoever which are now, or later become, payable (actually or contingently) to the Borrower owning that Ship or the Security Trustee and which arise out of the use or operation of that Ship, including (but not limited to):

  • Intangible income means income of any of the following types: income yield, interest, capital gains, dividends, or other income arising from the ownership, sale, exchange, or other disposition of intangible property including, but not limited to, investments, deposits, money, or credits as those terms are defined in Chapter 5701. of the Ohio Revised Code, and patents, copyrights, trademarks, trade names, investments in real estate investment trusts, investments in regulated investment companies, and appreciation on deferred compensation. "Intangible income" does not include prizes, awards, or other income associated with any lottery winnings, gambling winnings, or other similar games of chance.

  • Employer Contributions means all amounts paid into ASRS by an

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Moderate Income means more than 50 percent but less than 80

  • Gains means with respect to any Party, an amount equal to the present value of the economic benefit to it, if any (exclusive of Costs), resulting from the termination of the Transaction, determined in a commercially reasonable manner, subject to Section 5.3 hereof. Factors used in determining economic benefit may include reference to information either available to it internally or supplied by one or more third parties, including quotations (either firm or indicative) of relevant rates, prices, yields, yield curves, volatilities, spreads or other relevant market data in the relevant markets, market price referent, market prices for a comparable transaction, forward price curves based on economic analysis of the relevant markets, settlement prices for a comparable transaction at liquid trading platforms (e.g., NYMEX), all of which should be calculated for the remaining Delivery Term to determine the value of the Product.

  • Interest Income means interest earned on the Funding;

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Employer Contribution means the amount paid by an employer as determined under section 145.48 of the Revised Code.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.