Income Calculation Worksheet - SunTrust

Loan Number: _______________________________

Salaried / Hourly Income Calculation Worksheet

Borrower: _______________________________

Base Pay Only

Bonus/Overtime Income

Base Pay / Hourly Pay:

(includes base, sick, vacation and holiday pay)

If Hourly X # of hours

X Frequency of Pay (52, 26, 24, or 12):

/ 12 = Base pay

Base Pay per Month:

Use as Base Pay Income?

YTD:

YTD Bonus per Month (YTD / 12)

Bonus/Overtime Income (Multiple Years)

$

YTD:

Previous Year 1:

Previous Year 2:

Number of Months:

Multiple Year Bonus per Month:

Use Average Bonus/OT or Current Bonus Figure?

OR

Base Pay Only (YTD)

Base Pay (Includes base, sick, vacation, holiday):

Start Date:

End Date:

Number of Months:

YTD Base Pay per Month:

Use as Base Pay Income?

$

$

Other Income

$

Commission Income

YTD:

Previous Year 1:

Previous Year 2:

Number of Months:

Commission per Month:

Unreimbursed Business Expense (UBE) YTD:

Unreimbursed Business Expense Previous Year 1:

Unreimbursed Business Expense Previous Year 2:

Unreimbursed expenses number of months

Monthly unreimbursed expenses

Total Commission Income per Month minus UBE:

Commission Income Percentage of Total Earnings:

$

$

Lender Name: _____________________________________

%

Amount of Monthly Alimony Received:

Amount of Monthly Child Support Received:

IRA / Pension / Annuity

/ 12 =

Taxable Social Security Benefits:

/ 12 =

Non-Taxable Social Security Benefits:

X 1.25=

/ 12 =

Recurring Unemployment Compensation:

/ # of months

Total monthly unemployment compensation

Recurring Dividend Income Year 1:

Recurring Dividend Income Year 2:

/ # of months

Total monthly dividend income

Recurring Interest Income Year 1:

Recurring Interest Income Year 2:

/ # of months

Total monthly interest income

Other: (show your work)

Other: (show your work)

Date:________________________________________

Total Other Income:

$

Correspondent COR 1404

12/18/09

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