Income Calculations Worksheet
Pay Type
Hourly
or check the income you wish to use
Salary
$0.00
Base Used to Qualify
check the salary you wish to use
Overtime/Bonus
*If DU requires only a YTD paystub, OT/Bonus must be annualized. Divide YTD OT/Bonus by 12 months; for qualifying purposes, typically a two year history of receipt is required.
$0.00
Use lower of calculations
or check the income you wish to use
Commission
|
$0.00
|
= Net income |
months
|
$0.00
|
monthly income |
|
$0.00
|
= Net income |
months
|
$0.00
|
monthly income |
|
$0.00
|
= Net income |
months
|
$0.00
|
monthly income |
2106 YTD Expense Estimate
2 year Commission Vs 2106 Expenses
$0.00
Use lower of calculations
or check the income you wish to use
Other Income
$0.22
Use lower of calculations
or check the income you wish to use
Potential Non Taxable Income Social Security: Retirement/Disability/Survivor/Supplement Specify:
| With Documentation |
Without Taxation Documentation: Freddie Mac Only |
| Annual Benefit |
$
|
|
|
$
|
Total Annual Benefit |
| Taxable Portion |
$
|
x 100% |
$0.00
|
$0.00
|
Annual Benefit x 85% |
| Non-Taxable |
$0.00
|
x 125% |
$0.00
|
$0.00
|
Annual Benefit x 15% |
| # months |
$
|
Total Income |
$0.00
|
$0.00
|
Gross up 25% |
| Total Monthly Income |
$0.00
|
|
|
$0.00
|
Total Gross up |
|
|
|
|
M
|
# months |
|
|
|
|
$0.00
|
Total Monthly Income |
Potential Non Taxable Income Other: IRA, Pension, Child Support Specify:
