Calculating Annual Income for I-864

[sassythea 0]

I started a new job in February 2010. Do i still have to calculate my annual income as per the 12 Months?? I am a little confused on this.

[sassythea 0]

15 views and no response...Come on guys.

[Otto 83]

I started a new job in February 2010. Do i still have to calculate my annual income as per the 12 Months?? I am a little confused on this.

Annual income is what you would earn in 1-year's time; so, yes - 12 months. (Not what you would earn from Feb-Dec.)

Multiply your weekly/bi-weekly/hourly pay times the number of those in a year.

Edited March 10, 2010 by Otto und Karin

[sassythea 0]

Annual income is what you would earn in 1-year (doesn't mean in a calendar year); so, yes - 12 months.

Thanks Otto & Karin..

[Otto 83]

Thanks Otto & Karin..

No problem - I did edit my response to be more clear.

[sassythea 0]

Yes i did see your edit..Thanks again..

[EAbbas 213]

As for this as well do you include a general idea of pay? Because nobody can know if you will be out with sick kids etc...I dont want to have that an issue...

I guess im wondering if its ok to "estimate" but in a methodical way example: your amount per hour x 37.5 hrs week paid on a weekly basis...room for sick leave? or do i leave that out giving the total of what I come up with in the equation?

ugh i think im making it more difficult on myself

[ER97SA 0]

you should have an employment letter stating your salary and you should put

that number in I-864 current income line 23(cuurent individual annual income).

Calculating by yourself may cause an RFE?

As for this as well do you include a general idea of pay? Because nobody can know if you will be out with sick kids etc...I dont want to have that an issue...

I guess im wondering if its ok to "estimate" but in a methodical way example: your amount per hour x 37.5 hrs week paid on a weekly basis...room for sick leave? or do i leave that out giving the total of what I come up with in the equation?

ugh i think im making it more difficult on myself

[EAbbas 213]

you should have an employment letter stating your salary and you should put

that number in I-864 current income line 23(cuurent individual annual income).

Calculating by yourself may cause an RFE?

No no...I have the employement letter but I still have to figure it out because they wrote it for me and I started the job this past november so right now I dont have a yearly figure...

it is 13.5 per hour 37.5 hours per week (this is what she stated in the letter) per week

i just didnt know if i needed to subtract my holidays or leave it as it is...as the employer wrote it...

thanks

Edited February 27, 2011 by EAbbas

[ER97SA 0]

http://www.calcxml.com/do/pay04

or suggestion posted above

http://wiki.answers.com/Q/How_do_you_calculate_work_hours_for_a_year

And maybe you can mention how you calculated in your cover letetr so that

they do not ask if they don't understand.

No no...I have the employement letter but I still have to figure it out because they wrote it for me and I started the job this past november so right now I dont have a yearly figure...

it is 13.5 per hour 37.5 hours per week (this is what she stated in the letter) per week

i just didnt know if i needed to subtract my holidays or leave it as it is...as the employer wrote it...

thanks

[EAbbas 213]

http://www.calcxml.com/do/pay04

or suggestion posted above

http://wiki.answers.com/Q/How_do_you_calculate_work_hours_for_a_year

And maybe you can mention how you calculated in your cover letetr so that

they do not ask if they don't understand.

THANKS!!

[raj1975 10]

isn't annual income is what your base yearly salary is from wages? (excluding bonus, capital gains/loss etc since these are not constant items)

and assuming someone gets a raise in 2011 compared to 2010, what salary should you use? the latest salary or the old salary?

[EAbbas 213]

isn't annual income is what your base yearly salary is from wages? (excluding bonus, capital gains/loss etc since these are not constant items)

and assuming someone gets a raise in 2011 compared to 2010, what salary should you use? the latest salary or the old salary?

You would use the most updated salary I would think...I;m up for review in May so I may even see an increase before we have to submit i 864...I'll have to get new employer letter but it would be worth it..

And of cos...updated paystubs to show the increase

Edited February 28, 2011 by EAbbas

[raj1975 10]

You would use the most updated salary I would think...I;m up for review in May so I may even see an increase before we have to submit i 864...I'll have to get new employer letter but it would be worth it..

And of cos...updated paystubs to show the increase

thats what i thought too but sometimes reading over these forums posts it adds upto the confusion and questions.

thanks.

[EAbbas 213]

thats what i thought too but sometimes reading over these forums posts it adds upto the confusion and questions.

thanks.

Yeah...we sometimes have to take a break from it because it makes our head hurt especially when we use parts of the brain we dn't normally exercise