Does the Annual Income refer to the Actual Income or the income after taxes and mortgages?

Paying for College Access Programs (Questbridge, Posse)
1

<p>Does the Annual Income refer to the Actual Income or the income after taxes and mortgages?</p>

<p>Straightforward question...</p>

2

<p>anybody?</p>

3

<p>Report what is on your IRS 2013 Tax Returns (which is after taxes). I’m sorry to say I don’t know how mortgages work when it comes to this stuff.</p>

4

<p>Income per tax return is before taxes, not after. Income is gross income, not net.</p>

5

<p>Mortgages and other debts are not included in the income calculation. </p>

<p>Unless you mean rental income from houses owned (and mortgages paid on). Yes, any income is income (generally).</p>