Gross annual income definition

Gross annual income means any form of remuneration for services rendered (which includes salaries, wages, overtime payments, bonus or merit pay payments, pensions, fees, royalties or any other equivalent income) and any allowances or benefits with the exception of payments representing reimbursement of expenses.
Gross annual income means the total income, before taxes and other deductions, received by all members of the mortgagor’s household. There shall be included in this total income all wages, social security payments, re- tirement benefits, military and vet- eran’s disability payments, unemploy- ment benefits, welfare benefits, inter- est and dividend payments, and such other income items as the Secretary considers appropriate.
Gross annual income means pre-tax money earned annually by a household including overtime pay, commissions, dividends, and any other source of income.

Examples of Gross annual income in a sentence

  • Gross annual income is used for income limits at admission and for income-mixing purposes.

  • All employees (including casuals) will be required to obtain and provide proof of third party property motor vehicle insurance as a condition of their employment.

  • Gross annual income is computed after a normal tax accounting year of an institution.

  • Gross annual income is used for income limits at admission, income targeting, and for income- mixing purposes.

  • Gross annual income is based on the amount as last reported in writing to AUL by the Policyholder, for which premiums were paid and the coverage amount was approved in writing by AUL before the Date of Disability.


More Definitions of Gross annual income

Gross annual income means total annual income, as at the date of the application for a representation order, from all sources, other than the receipt of any of the following—
Gross annual income in C.C.P. § 704.730(a)(3) means income over a calendar year, not 12 months prior to filing
Gross annual income means income originating from employment or self- employment, income replacement (e.g. maternity allowance, parental allowance, social security benefits and unemployment allowance, but not payments representing reimbursement of expenses) or pension, before tax and before the deduction of social security contributions.
Gross annual income means the total gross income of Entrepreneur listed on line 22 of IRS Form 1040, as amended from time to time (or a successor form).
Gross annual income means the sum of all taxable incomes, being the amount identified as taxable income on the most recent income tax return (line 260 of the income tax T1 General Form), of all individuals 15 years and older that reside in the Household;
Gross annual income means the annual income before deduction for tax derived from all sources in the Falkland Islands and elsewhere including income from any employment, trade or business; rental income; interest or dividends from any savings and investments; and pensions or annuities;
Gross annual income means total annual income, for the 12 months preceding the application for remission or part remission, from all sources other than receipt of any of the excluded benefits;