Annualized income definition
Annualized income means income amount covering a 12-month period used to determine financial eligibility for the WIC Program.
Annualized income means the actual income received for the first four, five and eight months of the taxable year (three, four and seven months for estates and trusts), multiplied by the factors shown above Line 18 to arrive at the amount that would have been your taxable income if your income had remained constant during the year.
Examples of Annualized income in a sentence
The continuing connected transactions regarding the (a) provision of repair and refurbishment services by TSO to the Group and (b) consignment of accessories for mobile phones and personal electronic products of TSO under the Master Agreement with TSO will expire on 31 March 2017.