Calculating Your Gross Monthly Income Worksheet. If you are paid hourly. $ ______ x ______ x 52 weeks ÷ 12 months = $ ______ ylhtnom ssorg( uoy sruoh ...
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Calculating Your Gross Monthly Income Worksheet If you are paid hourly $ _________ x _________ x 52 weeks ÷ 12 months = (pay before (# of hours you deductions) work in 1 week)
$ ____________ (gross monthly income)
If you are paid weekly $ _________ x 52 weeks ÷ 12 months = (pay before deductions)
$ ____________ (gross monthly income)
If you are paid bi-weekly $ _________ x 26 ÷ 12 months = (pay before deductions)
$ ____________ (gross monthly income)
If you are paid twice a month $ _________ x 24 ÷ 12 months = (pay before deductions)
If you are paid monthly
$ ____________ (gross monthly income)
$ ____________ (gross monthly income)
Calculating Your Gross Monthly Income Worksheet (continued, page 2 of 2)
If you are not paid regularly $ _____________ ÷ 12 months = (income from last year’s tax return before deductions)
Other gross monthly income =
$ ____________ (gross monthly income)
$ ____________
(spouse’s monthly income, second job, regular overtime, public assistance, child support, pension, Social Security, other)
Total Gross Monthly Income =
(Add gross monthly income from all borrowers to other gross monthly income)
$ _____________
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