Sentences with phrase «upon income already»

The tax charge is based upon income already earned, in some cases many months previously.

Not exact matches

So, for seniors, there is an economic incentive to maximize their purchasing power by living in places with a low cost of living, and to stay in places with low housing costs if they already living in houses in those areas, because their income does not depend upon where they live (unlike non-seniors who earn less in rural areas removing much of the benefit from a lower cost of living).

Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like college and retirement funding)-- minus the resources that your surviving family members could draw upon to meet those obligations (spouse's income, savings and investments, other income producing assets, and any life insurance you might already own).

Term insurance can provide coverage while people depend upon the insured person's income and support, but for people who live until their retirement, chances are they either accumulated enough savings already to support their spouse, and / or their children are grown and no longer need parental guardian financial support.

If your family is financially dependant upon you, then purchase a term plan with a sum assured that is 10 times your annual income less the Rs 35 lakh of cover that you already have.

As a result, these dangerous provisions would take away health care relied upon by millions of women, disproportionately impacting low - income women and women of color and exacerbating already unacceptable health care disparities.»