The question of how to calculate the amount of income arises quite often. The need for this in many cases arises when collecting documents for obtaining loans, subsidies, registration of insurance claims and filling out a tax return. In practice, it is quite simple to calculate the amount of income if you take into account all the material benefits received by a person from any source.
It is necessary
documents confirming the income received for the calculated period; calculator
Instructions
Step 1
Before calculating income, collect all documents confirming the fact of receiving material benefits for the calendar year. At the same time, the sources of income do not matter, not only the basic salary at the place of residence is taken into account, but also any other material benefits: bonuses, fees from teaching or creative activities, lottery winnings.
Step 2
Calculate the income received in kind. They are taken into account, however, at the prices that are set and regulated by the state. Remember that the income that cannot be documented will not be taken into account by credit institutions. Therefore, profit from securities is much easier to prove and include in gross income than money received from the sale of products from a personal plot. As for filling out a tax return, it is enough to simply reflect the source of the income received and the total amount in order to be included in the tax base.
Step 3
After the total income is calculated, subtract from it the statutory deductions, as well as the costs incurred to make a profit. Costs must also be documented. The final figure will be equal to the average annual income. If you need to get the average monthly income of a person, all that remains is to divide this amount by the actual number of months worked last year.
