Quite often people, in particular businessmen, economists, accountants and ordinary workers, are concerned with the issue of calculating the amount of income. Such a need may arise in various situations, from collecting documents for obtaining a loan or credit and ending with the preparation of tax returns or insurance.
Instructions
Step 1
Collect all documents that will confirm the facts of receiving material benefits for a certain period you require, for example, a month, quarter, year, etc. You should be aware that when collecting documents, the sources of income do not matter. It is important to take into account not only the main place of your work and wages, but also all kinds of other material benefits that took place in your life during the countable period. These can be fees, bonuses, inheritance, lottery winnings, etc.
Step 2
Take a calculator and calculate the income received for the required period in kind. At the same time, write down each number on a piece of paper. Know and remember that income that you cannot document will not be counted by creditors and other institutions. In such cases, for example, profit from securities, it will be much easier to prove and include in gross income than the funds that you received from the sale of agricultural products grown on your site.
Step 3
Add to each other in turn all the amounts of income received during the reporting period from each of the activities or for certain actions.
Step 4
Take the total amount of income and subtract from it all the expenses you incurred in making that profit, as well as any required deductions imposed by law. All costs in this case must also be confirmed in written form.
Step 5
Get the final figure, it will be equal to the average annual or average monthly income. If the figure is common for several people, for example, workers, it must be divided by the corresponding number of people. Ultimately, you will get the average income of a certain period you calculate per person.
