What does Family Annual Income mean?

Question

Is this after paying taxes and bills?

Or how much you make in total before taxes and stuff?

Answer 1

Its your grosse income of the husband and wife combined. That is the amount before taxes. If you are applying for credit, this amount does not matter as much as your credit score.

Answer 2

Family annual income would be the gross amount, before anything is taken out, that everyone in the household makes, total. Whatever form is asking for that will probably also ask about taxes and living expenses.

Answer 3

It means gross income of everyone that lives in your home. If you are singe, then it is your gross income before taxes and everything else that is taken out of your check. If you are married, it means the total amount of gross income the two of you bring in. I wouldn't think if you had a child, you would have to include her or his babysitting or paper route money. But, if you are filling out papers to borrow money or for the US Gov you need to put what your gross income is. Look at your last check stub, and it should have your gross income on it. Good Luck. I hope I helped.

Answer 4

Total gross income of the family. Example, mom and dads annual salary before taxes, premiums, 401k etc...

Answer 5

After taxes, b/c those in the business world like to measure how much income you have to spend after your taxesare taken out, thus bills are not considered. If bills were considered, some people would be in the negative

Answer 6

Are you filling out the FAFSA? Then ask your parents for the certain huge type. Are you employing for a mastercard? then you ought to apply your earnings. you are able to't use your parents earnings for this, on condition that what they recommend is a significant different.

Answer 7

$$$ you bring home after paying taxes but generally before the bill (you could ask to clarify)

Answer 8

after taxes