Deemed income definition

Deemed income means income attributed to another person whether or not the income is actually available to the person to whom it is deemed.
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Deemed income means countable income from excluded members of the Colorado Works assistance unit, as found in Sections 3.609.2 – 3.609.4.
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Deemed income means a qualifying loan (within the meaning of Chapter XII).
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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.


More Definitions of Deemed income

Deemed income shall have the meaning specified in Section 11.8.
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Deemed income means a deemed distribution (within the meaning of Chapter VIIIA) and a qualifying loan (within the meaning of Chapter XII).
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Related to Deemed income

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Accrued income means the sum of:

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Earnings means all moneys whatsoever which are now, or later become, payable (actually or contingently) to the Borrower or the Security Trustee and which arise out of the use or operation of the Ship, including (but not limited to):

  • Intangible income means income of any of the following types: income yield, interest, capital gains, dividends, or other income arising from the ownership, sale, exchange, or other disposition of intangible property including, but not limited to, investments, deposits, money, or credits as those terms are defined in Chapter 5701. of the Ohio Revised Code, and patents, copyrights, trademarks, trade names, investments in real estate investment trusts, investments in regulated investment companies, and appreciation on deferred compensation. "Intangible income" does not include prizes, awards, or other income associated with any lottery winnings, gambling winnings, or other similar games of chance.

  • Employer Contributions means all amounts paid into ASRS by an

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Moderate Income means more than 50 percent but less than 80

  • Gains means, with respect to any Party, an amount equal to the present value of the economic benefit to it, if any (exclusive of Costs), resulting from the termination of a Terminated Transaction, determined by it in a commercially reasonable manner.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Interest Income means interest earned on the Funding;

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.