Very briefly, this test analyzes actual ongoing income (not just the arbitrary income of the last six months) and
actual house expenses (not just Means Test IRS - type expenses).
Not exact matches
Among the factors that could cause
actual results and outcomes to differ materially from those contained in such forward - looking statements are the following: macro-economic conditions (including fluctuations in
housing prices, oil markets, jobless rates and other indicators), credit market changes and constraints, foreign currency fluctuation, the company's ability to manage its property portfolio, the impact of labor markets, failure to effectively manage costs or achieve anticipated
expense and cost reductions, and disruptions in our supply chain or information technology systems.
Where rental receipts exceed # 7,500 as would be expected for a B&B or guest
house operating on a commercial basis, the business can opt to calculate its taxable profits either by deducting # 7,500 from its gross rental or the
actual expenses.
Each dividend or bond interest payment that you receive is
actual cash that you can use either to buy more stocks and bonds or to pay monthly
expenses like
housing, gas, groceries or utilities.
They subtract
actual house and car payments from income then use allowances for living
expense deductions.
You rent the
house monthly for $ 1,200 and have $ 500
actual expenses.