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Hi , how to calculate Current Annual Income of USC? My wife earn $10.70/hr and she works for 40hrs/week. Her gross income of last 3 years from 1040 forms are as below:
2007 = $11435
2008 = $17226
2009 = $19839
Now in her last paystub the Year to date(from 01/01/2010 to today) earnings is $10,468.Its little low becuase she didn'd worked for 3 months(jun,july,august) as she came here(india) for marriage. So now i am confuse how to calculate her current annual income??
1)Should i have to use the current Year to date Income(which is $10,468) + Pay of rest of the weeks of this year(No of weeks * 40 *$10.70) ??
2) Should i have to use figure from 2009 year??
3) Should i have to take her hourly pay and multiply it by 2080. 2080 is the number of hours a full-time person works per year (based on 40 hours a week) ??
Please guys give me some sunshine... ur help will be highly appreciated
2007 = $11435
2008 = $17226
2009 = $19839
Now in her last paystub the Year to date(from 01/01/2010 to today) earnings is $10,468.Its little low becuase she didn'd worked for 3 months(jun,july,august) as she came here(india) for marriage. So now i am confuse how to calculate her current annual income??
1)Should i have to use the current Year to date Income(which is $10,468) + Pay of rest of the weeks of this year(No of weeks * 40 *$10.70) ??
2) Should i have to use figure from 2009 year??
3) Should i have to take her hourly pay and multiply it by 2080. 2080 is the number of hours a full-time person works per year (based on 40 hours a week) ??
Please guys give me some sunshine... ur help will be highly appreciated
