Sentences with phrase «income earning members of a family»

If an income earning member of a family passes away, but the family no longer needs that income to support their lifestyle, chances are they do not need any life insurance coverage.

For this reason mortgage insurance presents an affordable way for income earning members of a family to erase what is usually the biggest source of debt for the survivors.

Not exact matches

Prof. Wolfson and co-author Scott Legree of the University of Waterloo have now completed a new report, called Private Companies, Professionals and Income Splitting, to consider how much income is flowing from CCPCs to spouses or adult children who are living at the same address as the company owner, which could indicate a tax - reduction strategy by splitting income with lower - earning family meIncome Splitting, to consider how much income is flowing from CCPCs to spouses or adult children who are living at the same address as the company owner, which could indicate a tax - reduction strategy by splitting income with lower - earning family meincome is flowing from CCPCs to spouses or adult children who are living at the same address as the company owner, which could indicate a tax - reduction strategy by splitting income with lower - earning family meincome with lower - earning family members.

At the high end, the tax loss is estimated at $ 1.7 - billion, which assumes 50 per cent of the salary income was not earned for real work performed, and the family member had a 15 - per - cent - lower marginal tax rate than the company owner.

New York State should dramatically restrict outside income for lawmakers and enact strong disclosure and conflict - of - interest rules for allowed income and for income earned by lawmakers» family members.

Cultivating the plant Apocynum pictum (a member of the dogbane family) on salinated soils will enable farmers to earn an income from poor soils.

Earning a meager income selling maize (corn) on the gridlocked streets of Kampala, the family members return home to the slums of Katwe where they eat a meager meal and settle in for another dark night.

Certain surviving relatives of the victim can also seek compensation for the value of the income that their family member would have been reasonably expected to earn throughout his or her remaining lifetime.

While $ 250,000 is probably not enough to act as long - term income replacement, if you are earning the 2014 national average income of $ 51,939, your family members would have about 5 years to replace your income, which can give a stay - at - home parent enough time to get back into the workforce.

So, if a family member died and named you as a beneficiary of a 529 college savings fund, a Form 1041 is necessary if the account earned income from in the last calendar year.

This is a less expensive way to provide protection against mortgage payments after an income member earning of a family passes away than simply purchasing a level term policy for the value of the mortgage.

In addition it also acts as provisional income for the rest of the family should an active earning member become indisposed due to illness or injury, or face an untimely demise.

Due to the death of the only earning member in the family, the loved ones suffer huge emotional stress and the loss of income adds up to their burden.

Pure life covers are meant to replace loss of income for an earning family member.