Examples of Deemed income in a sentence
Deemed income actually received is considered countable unearned income.
Deemed income is addressed in item D,4,a.Countable income is determined as follows: NOTE: When income is deemed from one ineligible spouse, the ineligible spouse's income is added to client's income in Steps 1 and 2.
Deemed income is unearned income attributed to an applicant or recipient for Medicaid eligibility from an ineligible spouse or parent.
The Procuring agency defines for the purposes of this provision, the terms set forth below: xiii.
Deemed income is addressed in Public Assistance Maintenance Income below.Countable income is determined as follows: NOTE: When income is deemed from an ineligible spouse, the ineligible spouse's deemable income is added to client's income in Steps 1 and 2.
Deemed income may be shown in various boxes, for example, under the headings ‘Gains on UK life insurance policies…’ and ‘Deemed income’ in question 9 on the SA900 and in box 3.22 on form SA903 Trust and Estate UK Property.
Deemed income is income considered available to a minor applicant or recipient from [his or her] their parents.
Deemed income on investment in any shares / securities of Indian Portfolio CompanyAs per section 56(2)(x) of the ITA, as inserted by Finance Act 2017, where any person receives any shares and securities from any person for a consideration which is lower than the Fair Market Value (‘FMV’) by more than INR 0.05 million, then the difference between the FMV and consideration shall be taxable in the hands of acquirer as ‘Income from other sources’.
Deemed income on investment in any shares / securities of Indian Portfolio CompanyAs per section 56(2)(x) of the ITA, as inserted by Finance Act 2017, where any person receives any shares and securities from any person for a consideration which is lower than the Fair Market Value (‘FMV’) by more INR 0.05 million, then difference between the FMV and consideration shall be taxable in the hands of acquirer as ‘Income from other sources’.
Deemed income from parent to child is then calculated by: deducting the $20 income disregard from any remaining parental unearned income; subtracting $65, plus any of the remainder of the $20 disregard and one-half of the still remaining parental earned income.