COMMUNITY INCOME Sample Clauses

COMMUNITY INCOME. The foregoing adjusted expenses, costs, and charges are then reduced for certain projected income of the Community for the next fiscal year, consisting of fees for additional services, Community Health Center services, and investment income from the Health Center Resident Loans Escrow, to result in the cash requirement of the Community for the next fiscal year.
Sample 1
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COMMUNITY INCOME. If your domicile is in a community property state during any part of your tax year, you may have community income. Your state law deter- mines whether your income is separate or into account transfers satisfying child support obligations or transfers of very small amounts or value. If all these conditions exist, you and your spouse must report your community income as explained in the following discussions. Earned income. Xxxxx earned income that is not trade or business or partnership income as the income of the spouse who performed the services to earn the income. Earned income is half the total community income, on their sep- arate returns. But because they meet the four conditions listed earlier under Spouses Living Apart All Year, they must disregard community property law in reporting all their income ex- cept the interest income from community property. They each report on their returns only their own earnings and other income, and their share of the interest income from com- munity property. Xxxxxx reports $26,500 and Xxxxxx reports $34,500. community income. If you and your spouse file wages, salaries, professional fees, and other separate returns, you must report half of any pay for personal services. Ending the Community income described by state law as community Earned income does not include amounts income, and your spouse must report the other half. Each of you can claim credit for half the income tax withheld from community paid by a corporation that are a distribution of earnings and profits rather than a reasonable allowance for personal services rendered. When the marital community ends, the com- munity assets (money and property) are di- vided between the spouses. Income received income. before the community ended is treated ac- Community property laws disregarded. Community property laws will not apply to an item of community income, and you will be re- sponsible for reporting it, if: Trade or business income. Treat income and related deductions from a trade or busi- ness that is not a partnership as those of the spouse carrying on the trade or business. If capital investment and personal services cording to the rules explained earlier. Income received after the community ended is sepa- rate income, taxable only to the spouse to whom it belongs. An absolute decree of divorce or annul-
Sample 1

Related to COMMUNITY INCOME

  • Community Reinvestment Act The Bank has complied in all material respects with the provisions of the Community Reinvestment Act of 1977 (“CRA”) and the rules and regulations thereunder, the Bank has a CRA rating of not less than “satisfactory” in its most recently completed exam, has received no material criticism from regulators with respect to discriminatory lending practices, and to the Knowledge of Professional, there are no conditions, facts or circumstances that could result in a CRA rating of less than “satisfactory” or material criticism from regulators or consumers with respect to discriminatory lending practices.

  • Employee Benefit Plans and Compensation (a) For purposes of this Section 2.22, the following terms shall have the meanings set forth below:

  • Effect on Other Bank Benefit Plans Nothing contained in this Executive Plan shall affect the right of the Executive to participate in or be covered by any qualified or non-qualified pension, profit-sharing, group, bonus or other supplemental compensation or fringe benefit plan constituting a part of the Bank's existing or future compensation structure.

  • Equal Opportunity Employer You acknowledge that Studio is an equal opportunity employer. You agree that you will comply with Studio policies regarding employment practices and with applicable federal, state and local laws prohibiting discrimination or harassment.

  • Employee Benefit Plans; ERISA (a) Except as disclosed in the Parent SEC Documents, there are no “employee benefit plans” (within the meaning of Section 3(3) of ERISA) nor any other employee benefit or fringe benefit arrangements, practices, contracts, policies or programs other than programs merely involving the regular payment of wages, commissions, or bonuses established, maintained or contributed to by Parent. Any plans listed in the Parent SEC Documents are hereinafter referred to as the “Parent Employee Benefit Plans.”

  • Employee Benefit Programs During the Employment Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives.

  • Employee Benefit Plans and Related Matters; ERISA (a) Section 4.17(a) of the Parent Disclosure Schedule sets forth as of the date of this Agreement a true and complete list of the material Parent Benefit Plans, including all Parent Benefit Plans subject to ERISA. With respect to each such material Parent Benefit Plan, Parent has made available to the Company a true and complete copy of such Parent Benefit Plan, if written, or a description of the material terms of such Parent Benefit Plan if not written, and to the extent applicable, (i) any proposed amendments, (ii) all trust agreements, insurance contracts or other funding arrangements, (iii) the most recent actuarial and trust reports for both ERISA funding and financial statement purposes, (iv) the most recent Form 5500 with all attachments required to have been filed with the IRS or the Department of Labor and all schedules thereto, (v) the most recent IRS determination or opinion letter, and (vi) all current summary plan descriptions.

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