Sentences with phrase «qualifying gross annual income»
§ The individual applicant's qualifying gross annual income may not exceed $ 50,000 to participate in the program.
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§ In addition, only graduates whose yearly loan repayments exceed 10 % of their adjusted annual gross income minus deductions shall qualify.
• The following are included in annual income to qualify for an RHS guaranteed loan: − Gross amount of wages, salaries, overtime pay, commissions, fees, tips, bonuses and other compensation for personal services of all adult members of the household − Net income from the operation of a farm, business or profession, interest, dividends and other net income of any kind from real or personal property − Payments from social security, annuities, insurance policies, pensions, unemployment, workers compensation, alimony and / or child support and other types of periodic receipts.
The basic qualifying criteria for a mortgage in Canada are the size of down payment, gross annual income, and general financial health.
Recipients must be employed by a qualifying organization on a full - time basis with a gross annual income below $ 50,000.
(7) If a person qualifies for an income replacement benefit under paragraph 1 or 2 of section 4 and also qualifies under paragraph 3 of section 4, the person's gross annual income from employment shall be determined under subsection (3) or (4), as the case may be, until the day he or she would have been entitled to begin employment under the contract described in paragraph 3 of section 4, and thereafter the person's gross annual income from employment shall be determined in accordance with subsection (5).
If you don't qualify for a subsidy, aiming to spend 5 % of your annual gross income on health insurance premiums is a handy benchmark; that's how much consumers spend, on average, on health insurance according to the government's Consumer Expenditure Survey.
Unless you qualify for a subsidy or Medicaid (more on those below), a handy benchmark is to spend around 5 percent of your annual gross income on health insurance premiums.