ASSETS - California
|Borrower Name: |Borrower Name: |
|Employer Name: |Employer Name: |
|Paystubs W-2s Tax Returns VOE |Paystubs W-2s Tax Returns VOE |
|Other _____________ |Other _____________ |
|Dates Covered _____________ to ______________ |Dates Covered _____________ to ______________ |
|Paid every 2 weeks (26 pay periods) |Paid every 2 weeks (26 pay periods) |
|Paid twice a month (24 pay periods) |Paid twice a month (24 pay periods) |
|Paid Monthly (12 pay periods) |Paid Monthly (12 pay periods) |
|Year-to-date (YTD) annualized (instructions below) |Year-to-date (YTD) annualized (instructions below) |
| | |
|Borrower Name: |Borrower Name: |
|Employer Name: |Employer Name: |
|Paystubs W-2s Tax Returns VOE |Paystubs W-2s Tax Returns VOE |
|Other _____________ |Other _____________ |
|Dates Covered _____________ to ______________ |Dates Covered _____________ to ______________ |
|Paid every 2 weeks (26 pay periods) |Paid every 2 weeks (26 pay periods) |
|Paid twice a month (24 pay periods) |Paid twice a month (24 pay periods) |
|Paid Monthly (12 pay periods) |Paid Monthly (12 pay periods) |
|Year-to-date (YTD) annualized (instructions below) |Year-to-date (YTD) annualized (instructions below) |
| | |
To annualize YTD:
STEP 1: Establish number of days the information covers
Computation: YR MO DAY end date of information
- YR MO DAY start date of information
Convert months to days (8 x 30 = 240), add any remainder days
STEP 2: Divide YTD figure by calculated number of days to get daily
amount earned
STEP 3: Multiply daily figure by 2080 hours if indication is that wages are earned 40 hours per week; adjust for other than 40 hour work week. This
provides the annual figure.
_______________________________ _____________________ ______________
Signature Title Date
-----------------------
Use a 30 day month and “borrow” months or days to calculate
Example: 07 05 01 “borrow 1 month (days = 31)
- 06 08 31 then “borrow” 1 year (months =16)
8 0
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