Common use of Annual Gross Income Clause in Contracts

Annual Gross Income. Income from whatever source derived and before taxes and withholdings. Included in the calculation of gross income are base salary, overtime, part-time employment, bonuses, commissions, dividends, interest, royalties, pensions, military housing allowance, Veterans Administration compensation, alimony, child support, public assistance, sick pay, social security benefits, unemployment compensation, income from trusts, and other income from business activities or investments.

Appears in 11 contracts

Samples: Housing Participation Agreement, Workforce Housing Participation Agreement, Housing Equity Sharing Agreement

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