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 will be determined by combining all sources of income to derive the total income for a one-year period.


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 all income resulting directly or indirectly from the operation of a property or building such as all rent received or collectable, including any rent from a less than arm's length transaction, the landlord's share of interest on security deposits, all earnings from commission, vending machines, late fees, pet fees, parking fees, pool fees, key charges, finder's fees, amount received from successful tax appeals, income from rebates, tax surcharges, capital improvement surcharges, computed in accordance with the provisions and limitations of this section.
Gross annual income means the total amount received BEFORE TAXES AND EXPENSES for each earning member of the household (not just the applicant).
Gross annual income means “Annual Income” as defined at 24 CFR 5.609 which is the definition for the “Section 8” Program.
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;