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 refers to income received by another person that is considered to be received by the recipient for the purpose of determining the CAPI payment amount.


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 same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • 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.

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.