Annual income definition

Annual income means all amounts, monetary or not, which:
Annual income means annual income as defined under the Section 8 housing assistance payments programs in 24 C.F.R. part 5; annual income as reported under the census long form for the recent available decennial census; or adjusted gross income as defined for purposes of reporting under Internal Revenue Service Form 1040 for individual federal annual income tax purposes..
Annual income means the same as that term is defined in regulations of the

Examples of Annual income in a sentence

  • Annual income is used to determine whether or not applicants are within the applicable income limits.

  • Annual income is typically reported for households with jobs that are seasonal, self-employed, or agricultural work since that is a more accurate representation of current income.

  • Annual income is used to determine whether applicants are within the applicable income limits.

  • Annual income is compared to the income limit and is applied only at admission as a test for eligibility.

  • Annual income, less allowable HUD deductions.Adjusted Annual Income.


More Definitions of Annual income

Annual income means “annual income” as defined in 24 C.F.R. §92.203, as amended.
Annual income means the same as that term is defined in regulations of the United States Department of Housing and Urban Development, 24 C.F.R. Sec. 5.609, as amended or as superseded by replacement regulations.
Annual income means the total income from all sources for all present members of your household for the income tax year immediately preceding the year in which this notice is issued but shall not include unreimbursed medical expenses if the tenant provides reasonable evidence of the unreimbursed medical expenses or consents in writing to authorize disclosure of relevant information regarding medical expense reimbursement at the time of applying for an extended lease. “Total income” means the same as “gross income” as defined in § 9-104(a)(7) of the Tax - Property Article.
Annual income means your total income for a particular year based on and/or as may reasonably be determined by us from the Income Documents you have submitted for that year.
Annual income means the total income from all sources for all present
Annual income means “current monthly income” multi- plied by 12.
Annual income means the gross amount of income anticipated to be received by the family during the twelve months or go to, or on behalf of, the family head or spouse (even if temporarily absent) or to any other family member after certification or recertification. Gross income is the amount of income prior to any HUD allowable expenses or deductions and does not include income which has been excluded by HUD, as set forth in 24 C.F.R. §5.609.