How do I calculate my income?

 Identify all of your sources of income

• Income from employment (W-2 or 1099)
• Income from self-employment
• Income from other sources

Some examples:

• A paycheck, weekly, bi-weekly or monthly
• Tips in cash at each shift
• Any kind of weekly or monthly payment, such as child support, pension, or unemployment benefits

• Annual bonus

2. Convert wages into yearly totals.

• Hourly wages from an employer (before taxes and other deductions are taken out)
• Gross income on a pay stub (paid weekly, every two weeks, etc.)

• Net income earned from self-employment (after business and other expenses are taken out)

3. Add income from all sources together to get your total annual income.