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What is the minimum income needed to support a household called?
Wiki User
∙ 12y ago
the standard of living
Wiki User
∙ 12y ago
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What is Household income after taxes called?
Net Household Income After-Tax Income is actually a common term as well.
What term describes an income level below that which is needed to support a family or a household?
Poverty threshold
What is gross household income?
gross household income is how much money everyone in your "household" brings home after taxes.
How do you claim child support on your income tax return?
Child support is not income to the recipient or a deduction for the payer. Spousal support, also called maintenance or alimony, is income to the recipient and deductible for the payer.
Can tax exempt income qualify as support?
Need more info to answer properly, but if I understand what you're asking: Income that is not subject to income taxes (tax exempt investments, inheritance income from an estate, life insurance proceeds, etc) can certainly be considered income to support oneself - (IE If someone asks how you support yourself when you have no job... you may have income sources that are tax exempt that provide you with enough income to live a very comfortable lifestyle.) If you're asking for purposes of support as in child support or spousal support - then I believe that is negotiable prior to settlement of the divorce / child support case. If you're asking if tax exempt income qualifies as income for a dependecy exeption, then the answer is yes. So long as the income is enough to cover 50% of the expenses to maintain the household / provide for the child, etc.
What is the minimum income needed to support a household?
the standard of living
What do you call the minimum income needed to support a household?
The Poverty Threshold
What is Household income after taxes called?
Net Household Income After-Tax Income is actually a common term as well.
Is the child support amount based upon the ex-spouse's household income in Arizona?
No, not the whole household's income, just the ex-spouse's income. If he/she is remarried the new spouse's income does not count. Only the biological parents pay for their child.
What is the minimum income needed to support a house hold called?
It comes under many names - dependent on the country you're in. Here in the UK - it's called a 'living wage'.
What term describes an income level below that which is needed to support a family or a household?
Poverty threshold
What is the median household income of Massachusetts?
Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.
Does a household income include your parents for credit applications?
It depends on a couple of things. If you still live with your parents, if your parents support you, and if you will be paying the credit bills. Usually if it says household income, it is everyone who lives with you (not including children obviously)
Child support minimum wage?
Even if you make minimum wage, you will be expected to pay child support. The court sets the order based on your income and on certain allowable living expenses you may have.
What was US median household income in 1931?
Median Household Income 1931
What is gross household income?
gross household income is how much money everyone in your "household" brings home after taxes.
Can I be judgment proof if I have a minimum wage job and receive a small amount of child support and alimony?
No. You have income.
