Source of income definition

Source of income means an employer or successor employer, a labor organization, or another individual or entity that owes or will owe income to the payer.
Source of income means the verifiable condition of being a recipient of federal, state, or local assistance, including medical assistance, or of being a tenant receiving federal, state, or local subsidies, including rental assistance or rent supplements.
Source of income means the point, the cause, or the form of the origination, or transmittal of gains of property accruing to a person in a stated period of time; including, but not limited to, money and property secured from any occupation, profession or activity, from any contract, agreement or settlement, from federal payments, court- ordered payments, from payments received as gifts, bequests, annuities, life insurance policies and compensation for illness or injury, except in a case where conflict of interest may exist.”

Examples of Source of income in a sentence

  • Source of Income: All the distributors of the Company are at full liberty to inaugurate Super Stockiest after intimating the Company and in pursuance of the Xxxx Industries Rules and Procedures.


More Definitions of Source of income

Source of income means the entity for which service is performed or that is otherwise the origin of payment; if the person whose income is being reported is employed by another, the employer is the source of income; but if the person is self-employed by means of a sole proprietorship, partnership, limited liability company, professional corporation, or a corporation in which the person, the person's spouse or domestic partner, or the person's dependent children, or a combination of them, hold a controlling interest, the "source" is the client or customer of the proprietorship, partnership, limited liability company, or corporation, but, if the entity that is the origin of payment is not the same as the client or customer for whom the service is performed, both are considered the source.
Source of income means the lawful manner by which an individual supports himself and his or her dependents.
Source of income. - the means by which a person supports himself or herself and his or her dependents, including but not limited to money and property from any occupation, profession or activity, from any contract, settlement or agreement, from federal or state payments, court-ordered payments, gifts, bequests, annuities, life insurance policies, and compensation for illness or injury, but excluding any money or property derived in a manner made illegal or criminal by any law, statute or ordinance.
Source of income means any lawful and verifiable
Source of income means source of income as defined in section 2 of the support and parenting time enforcement act, MCL 552.602.
Source of income means any lawful source of
Source of income means income such as salary, wages, a benefit, weekly accident compensation payments, New Zealand Superannuation or a student allowance.