Following the deduction of the upfront fees and the payoff of the existing mortgage (a Reverse Mortgage borrower must always pay off any existing mortgages and other liens against the home), the borrower in our Reverse Mortgage example is left with the following amounts available in the form of lump sum cash or line of credit. (newretirement.com)
One worker reports taking home just # 140 after working a 45 hour week following deductions that he had not sanctioned; (politics.co.uk)
She explained that AMT income is calculated by taking total «taxable income» and adding back in the following deductions from Schedule A: (cnbc.com)