Work Sheet Work Sheet
Work Sheet
CALCULATING GROSS INCOME AMOUNT
Alternative Method
(Copy, Paste, Print and Complete for All Applicants)
Using A Recent Pay Stub:
$ GROSS PAY YEAR-TO-DATE
./. NUMBER OF PAY PERIODS YEAR-TO-DATE
$ GROSS INCOME AMOUNT
Hints:
Gross Pay Year-To-Date -- Is your Total Income BEFORE Any Deductions.
Number of Pay Periods Year-To-Date -- Is the Number of Checks you have Received this Year Up To & Including this Check.
*Not Sure How Many Checks You Have Received, Simply Divide:
Gross Pay Year-To-Date ./. Number of Months (i.e. using the Check's Pay Period Ending Date)
$ GROSS PAY YEAR-TO-DATE
./. NUMBER OF MONTHS PER CHECK'S PAY PERIOD ENDING DATE
$ GROSS INCOME AMOUNT
Hint:
Number of Months to the Check's Pay Period Ending Date -- Example: July 14th is 6 1/2 Months.
(Not 7 1/2 Months)
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