When applying for things that need 2 knw ur "total annual income", do they mean before taxes or after?

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When applying for things that need 2 knw ur "total annual income", do they mean before taxes or after?

2007-10-12 01:53:03 · 4 answers · asked by sunrise_n_tn 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

Normally, this is a before taxes question.

2007-10-12 01:55:58 · answer #1 · answered by TheGuru 5 · 0⤊ 0⤋

If they ask for "gross income" that will be before taxes. "Net income" is after taxes. If it says "total annual income" like you said above, it probably is referring to your income before taxes.

2007-10-12 02:51:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Usually before taxes, if they want to know your take home pay they will usually ask for Net Income.

2007-10-12 02:03:15 · answer #3 · answered by Bill 7 · 0⤊ 0⤋

They mean before taxes.

2007-10-12 03:16:31 · answer #4 · answered by Kelly 3 · 0⤊ 0⤋