Calculating the average income is quite simple, you just need to know exactly the amount of all cash receipts for the last year. The possibility of documentary confirmation of these income directly depends on the purposes of the calculation itself.
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Information about own income, calculator
Instructions
Step 1
The calculation of average income differs from the figures obtained when calculating wages, according to a very simple criterion: the average income includes all sources of income, whether it be wages, rentals, or royalties for creative activities. Most often, the average income is calculated for the last 12 months, that is, for the last year. The calculation of this amount for individuals can be associated with various purposes, from satisfying their own curiosity to obtaining a mortgage loan.
Step 2
There are also no difficulties in calculating, it is only necessary to summarize all cash receipts received over the past year from any sources as a profit. At the same time, absolutely any funds are taken into account, whether it be subsidies for receiving medicines, subsidies for paying for an apartment, maternity payments and insured events, or the proceeds from the sale of strawberries grown on their own personal plot.
Step 3
The resulting figure remains to be divided by 12. The result and the answer to the question of how to calculate the average income for the last year. The more cash receipts for a specified period of time, the higher the amount of income. If you want to calculate the average income for a different time period, then the profit for the required number of months is summed up and divided by their number.
