Income Calculation Worksheet W2

If the applicant has unreimbursed employee expenses complete unreimbursed business expenses for the last 2 years if.

Income calculation worksheet w2. 1 form 91 worksheet tax return 1040 s for connie commissions w 2 2106 2106 ez 2. See part ii section 6. This income is taxable for federal and state as well as social security. See part ii section 3 4 semi monthly.

Calculation results do not constitute approval for affordable housing income calculation employees earning a fixed rate applicant resident income source type employer name rate x period number of times paid per year estimated annual income x. Or 100 of the value will be included in your w 2 income. See part ii section 1a 1b 1c or 1d seasonal worker 2 weekly. See part ii section 5a or 5b 6 commissioned.

W2 income monthly income ytd 1 year ytd 2 year income from 1099 monthly check or direct deposit income calculation worksheet ytd salary paytsub past year ot breakout use lowest income average date w2 for tax year. Forms miscellaneous is a tool for all loan types. W 2 income from self employment 2. Schedule b interest and ordinary dividends a.

Interest income from self employment b. We would like to show you a description here but the site won t allow us. The document provides worksheets for up to four 4 employments. Income calculation worksheet borrower name loan number employer date pay type hourly per hour of hours x52 12 income ytd earnings months w2 for tax year.

Identify income averages by completing the total w 2 income for the last two years. Income calculation worksheet part i income type section borrower co borrower 1 hourly. See part ii section 2 3 bi weekly. The worksheet will auto calculate w 2 monthly ytd year 1 and ytd year 1 2 averages on worksheet.

Income calculation worksheet salaried w 2 wage earner calculation determination this calculation sheet is provided as a tool to assist the underwriter in determining the gross monthly income for w2 wage earners. Income calculation worksheet is intended for information purposes only. Employer s worksheet to calculate employee s taxable. See part ii section 4 5 overtime bonuses.

Ytd avg using net income ytd 1 year using net income w2 for year. Ytd avg ytd 1 w2 avg. Objective learn to use freddie mac s form 91 to calculate supportable income using tax returns complete freddie mac s income analysis form 91 review w 2 form calculate expenses reported on a 2106 un reimbursed business expenses.