Family income definition

Family income means all income that is included in a determination of family income under section 143(f) of the internal revenue code, 26 USC 143(f), together with the income of all adults who will reside in the residence, which income might otherwise be excluded from consideration because the individual was not expected to both live in the residence and be primarily or secondarily liable on the mortgage note.

Family income means the annual income of the parent, parents, legal guardian, or

Family income means the annual income of the parent, parents, legal guardian, or legal guardians with whom a scholarship student lives.

Examples of Family income in a sentence

• Family income has decreased because of changed family circumstances, including the loss of employment.

• Applicants should propose to develop logic models that illustrate the inputs, activities, outputs, short- and long-term outcomes, and external factors associated with each program.

• Family income shall include gross income of all family members, less supplemental security income program disregards, exemptions, and exclusions, including the earned income disregards.

• Family income shall not exceed 300 percent of the federal poverty level for pregnant women and for infants (under one year of age).

• The Hospital and the patient shall negotiate the terms of an extended payment plan, taking into consideration the patient’s Family income and essential living expenses.

More Definitions of Family income

Family income means the gross annual income of the family where the eligible applicant is associated as a family member;

Family income means the sum of a family's annual

Family income means the federal adjusted gross income of the parents included in the family size.

Family income means the sum of a family's annual earnings and cash benefits from all sources before taxes, less payments made for child support.

Family income means total cash receipts before taxes derived from wages and salaries, welfare payments, Social Security payments, strike benefits, unemployment or disability benefits, child support, alimony, and net earnings from business and investment activities paid to the individual, in accordance with WAC 246-453-010 (17).

Family income means, with respect to a Mortgagor, the “gross monthly income,” multiplied by twelve (12), of such Mortgagor and of any other Mortgagor who is expected to live in the Residence being financed and is an obligor on the Mortgage Note, all as determined in accordance with such Mortgagor’s Program Affidavit. For purposes of this definition, “gross monthly income” means the income used by the Lender’s underwriter (under applicable underwriting guidelines) to qualify the Mortgagor(s) for repayment of the Mortgage Loan.

Family income means the amount determined according to R9-1-503(B).