Calculating Net Income
This will provide you with your NET ANNUAL INCOME. 4Step #3: To determine your NET MONTHLY INCOME divide your NET ANNUAL INCOME by 12. Use this amount on your budget form. 4Example Calculations of Net Monthly Income Case #1: Thomas is paid on the 1st and the 15th of every month. Therefore, he is paid semi -monthly. His take home (net) is $1,235. ................
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