I am an international senior high school student planning to apply for US colleges in the current admission cycle. I started filling the CSS Profile to apply for need-based financial aid and I struggled with the “Parent income” section.
Before I list my questions, you should know that my mother is the founder of a pharmacy, and that my father works as a pharmacist in that pharmacy.
So, my questions are
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Suppose my mother’s income from work is $10000, should I enter that amount in the “Mother’s income” section, in the net business income section, or both?
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Should I enter both my parents’ incomes in the “total compensation from employer” section or only my father’s?
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What sections in the “total compensation from employer” “parent income” and “net business income” should include taxes?
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Should the Mother’s income include all revenue from the pharmacy or only the profits? (Suppose she generates $20000 of revenue before subtracting salaries, and $10000 after subtracting taxes and salaries, should I enter $20000 or $10000 in the “Mother’s income” section?)
That’s all, I have been struggling with these for quite a while and I am hoping for an answer.