Excluded Income definition
Examples of Excluded Income in a sentence
Fully Excluded Income: Income that is fully excluded means the entire amount qualifies to be excluded from the annual income determination.
Note: As detailed under the list of Excluded Income below, extra weekly benefits provided under the Federal Pandemic Unemployment Compensation program shall not be counted.
Buyer shall also be liable for, and shall hold the Seller Indemnified Parties harmless from and against any and all Excluded Income Taxes to the extent of any reserves for Taxes accrued on the Final Closing Date Financial Data.
For more information on what to include here, see Excluded Income on page 5.Line 14: List all persons who resided in your household at any time during 2012.
Partially Excluded Income: Income that is partially excluded means that only a certain portion of the income reported by the family qualifies to be excluded, while the remainder must be included whendetermining the family’s annual income.