GROSS ANNUAL INCOME

What is GROSS ANNUAL INCOME?

GROSS ANNUAL INCOME meaning in Urban terms is  the total income, before taxes and other deductions, received by all members of the tenant’s household. There shall be included in this total income all wages, social security payments, retirement benefits, military and veteran’s disability payments, unemployment benefits, welfare benefits, interest and dividend payments and such other income items as the Secretary considers appropriate.

 

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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