Adjusted monthly income definition

Adjusted monthly income means total countable income, minus verified child support payments paid by the parent whose child is receiving child development services, excluding the non-countable income listed below: 5 CCR 18078 (a)

Adjusted monthly income means the total countable income as defined in subdivision (q) below, minus verified child support payments paid by the parent whose child is receiving child development services, excluding the non-countable income listed below:

Adjusted monthly income means the monthly income at which child support is determined for serial family obligors, which is the obligor’s monthly income less the amount of any existing legal obligation for child support.

Examples of Adjusted monthly income in a sentence

• Adjusted monthly income is the total countable income received by members of the family included in the family size determination minus verified child support payments paid by the parent whose child is receiving child care services.

• Adjusted monthly income is used in calculating the rent to a minimum level of ($50 (effective October 1, 2006).

• Total Tenant Payment: In calculating the rental assistance available to tenants, the PHA must use a formula, called a Total Tenant Payment, commonly abbreviated as “TTP.” Adjusted monthly income is one of the factors in the formula.§5.628A.

• Calculation of Rent Based on Income: In calculating the income- based rent of public housing residents, the PHA must use a formula, called a Total Tenant Payment, commonly abbreviated as “TTP.” Adjusted monthly income is one of the factors in the formula.

• Adjusted monthly income amount, based on family size that would render the family ineligible for services (scale is as of June 2019)Family Size1 or 2 FAMILY FEES (Title 5 18108)All families receiving subsidized child care services are required to provide proof of income at the time of enrollment and at the annual certification.

• Adjusted monthly income is calculated by dividing the countable resources above $10,000 by 12 months then adding that amount to the countable income.

• Calculation of Rent Based on Income: In calculating the income-based rent of public housing residents, the PHA must use a formula, called a Total Tenant Payment, commonly abbreviated as “TTP.” Adjusted monthly income is one of the factors in the formula.

• Adjusted monthly income should have been calculated as such:gross monthly income $2,600.00less federal, state taxes and social security 646.21 adjusted monthly gross income 1,953.79Fourteen percent of $1,953.79 is $263.53.

• In calculating the rent of Public Housing residents, the Public Housing Authority must use a formula, called a Total Resident Payment, commonly abbreviated as “TTP.” Adjusted monthly income is one of the factors in the formula.

• Annual income $25,000 Less elderly household deduction - $400 Less allowable medical deduction* ($6,482 less 3% of $25,000) - $5,732 Adjusted annual income $18,868 Adjusted monthly income $1,572 TTP $472 At the Crumplers’ current annual income, the large dental bill reduces rent by $88.

More Definitions of Adjusted monthly income

Adjusted monthly income means the total countable income as defined below, minus verified child support payments paid by the parent whose child is receiving early learning and care preschool services, excluding the non-countable income listed below:

Adjusted monthly income means total countable income minus verified child support payments paid by the parent whose child is receiving child development services, Except for child support payments paid by the parent, monthly income shall not be adjusted because of voluntary or involuntary deductions. When income fluctuations occur, the adjusted monthly income shall be computed by averaging the total adjusted income received during the twelve (12) months immediately preceding the month in which the application for services is signed or updated.

Adjusted monthly income means the total countable income as defined in subdivision (<begin delete> q<end delete> <begin add> u<end add>) below, minus verified child support payments paid by the parent whose child is receiving child development services, excluding the non-countable income listed below:

Adjusted monthly income means a sum equal to one-twelfth of the adjusted annual

Adjusted monthly income means the adjusted gross income divided by twelve.

Adjusted monthly income means the gross monthly income of a person or family less an amount for dependents, child care and extraordinary medical expenses.