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Daycare Center and Family Home Forum>Question About Income
sahm1225 07:28 PM 07-14-2013
When you fill out papers that ask for your income, do you use your gross (before deductions) or do you use your bottom number?
For example, you made $50,000 but had $30,000 in deductions. Do you say you made $50k or $20k?
For example, you made $50,000 but had $30,000 in deductions. Do you say you made $50k or $20k?
MyAngels 07:33 PM 07-14-2013
I always give my net income (in your example $20K).
Sunnyyy1 08:12 PM 07-16-2013
I always use the amount before deductions.
coolconfidentme 03:17 AM 07-17-2013
I always say I'm broke cause I have so many kids, lol.
MrsSteinel'sHouse 03:47 AM 07-17-2013
I always use the net. If I owned a store I wouldn't claim what I brought in before I paid for my expenses because that wouldn't be my income.
SquirrellyMama 04:49 AM 07-17-2013
It would depend on what the paperwork is for and which number they need. If you aren't sure you might want to call and find out. We usually put gross income because that is what is usually needed when we fill things out.
Kelly
Kelly
MrsSteinel'sHouse 05:02 AM 07-17-2013
And a lot of times if you do use the gross sometimes you can also include your C form to prove business expenses. And it depends.. if it is for a car loan etc.. use the gross
Familycare71 05:09 AM 07-17-2013
Originally Posted by MrsSteinel'sHouse:
And a lot of times if you do use the gross sometimes you can also include your C form to prove business expenses. And it depends.. if it is for a car loan etc.. use the gross
Exactly this! It depends what I'm filling paperwork for... Loans I use gross unless the ask for net.And a lot of times if you do use the gross sometimes you can also include your C form to prove business expenses. And it depends.. if it is for a car loan etc.. use the gross