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Topic: Gross disposable income


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  Employer Services - Private Sector Employers - Income-Withholding Order/Notice
Income withholding is the court- or administratively-ordered deduction of a specified amount from a parent's income for payment of child support.
Although the employee voluntarily elected to trade current disposable income for a deferred benefit, there is no reason to deny a portion of this income to his or her child.
Imputed income is considered a fringe benefit provided to employees that must be counted as additional income subject to taxation, but not counted as additional income for calculation of disposable income for child support purposes.
www.acf.hhs.gov /programs/cse/newhire/employer/private/income_withholding.htm   (2610 words)

  
  AusStats : Household income and wealth
The income estimates are therefore adjusted by an equivalence scale to standardise the income estimates with respect to household size and composition while taking into account the economies of scale that arise from the sharing of dwellings.
The equivalised disposable income estimate for any household in this section is expressed as the amount of disposable cash income that a single person household would require to maintain the same standard of living as the household in question, regardless of the size or composition of the latter.
Mean equivalised disposable incomes were higher for households with non-dependent children, reflecting higher numbers of earners in those households, but were lower for households comprising older couples and lone persons, where the numbers of earners declined substantially.
www.abs.gov.au /Ausstats/abs%40.nsf/94713ad445ff1425ca25682000192af2/e530e66700769ef4ca256dea000539ea!OpenDocument   (2023 words)

  
 ERS USDA Briefing Room - Farm Household Economics and Well-Being: Income Forecasts and Income in Perspective
Average household incomes are projected to increase 18.8 percent for rice farm operators in 2007, 17.2 percent for wheat farm operators, 9.8 percent for corn farm operators, and 9.1 percent for soybean farm operators from the levels forecast for 2006 (see table).
The average income of households that operated corn farms (4.6 percent of all family farms) was $108,659 in 2005, with 46 percent of this income attributed to farming activities.
Although the average household income of cotton farms is expected to continue falling from 2005 levels as declines in farm income exceed gains in off-farm income, they continue to average the highest household income across farm types.
www.ers.usda.gov /Briefing/WellBeing/farmhouseincome.htm   (2948 words)

  
 Income distribution in NZ - Statistics New Zealand
Women’s average gross income increased relative to men’s, to 54 percent of the average male gross income in 1996.
Income inequality at a personal level increased between 1986 and 1991 for market, gross and disposable income and was steady between 1991 and 1996.
For the same period, the report showed that income for those households at the bottom of the income distribution was steady, income for households in the middle of the distribution decreased slightly, and income for households at the top of the income distribution increased significantly.
www.stats.govt.nz /products-and-services/Articles/income-distrib-May99.htm   (1793 words)

  
 Equalising Incomes or Reducing Poverty: Which Basis for Welfare Policies?
The change in the distribution of equivalent household disposable income between 1986 and 1991 reflects a large growth in the share of income earned by households in the top two income deciles and a reduction in the relative income of middle-income households.
The share of disposable income attributable to the bottom fifth of households, which are almost entirely dependent on government transfers, declined slightly between 1986 and 1991.
Using a benchmark of 60 percent of median disposable income, the latter found that the percentage of households in poverty fell from 13.7 percent to 10.8 percent between 1983/84 and 1992/93.
www.nzbr.org.nz /documents/speeches/speeches-99/equalising_incomes_or_reducing_poverty.doc.htm   (2880 words)

  
 Employers and Income Withholding
Income withholding is the court or administratively ordered deduction of a specified amount from a parent's income for payment of child support.
Disposable income is the amount of earnings remaining after subtracting certain mandatory deductions from an employee's gross pay.
If there is not enough allowable disposable income, the employer follows the allocation method of the employee's principal state of employment to determine how much to withhold and pay over for each order.
ilchildsupport-employer.com /incomeWithholding.htm   (2715 words)

  
 Income Summary
For example, for individuals income usually means the gross amount on their payslips before any tax and other deductions has been made by their employer.
Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.
To calculate a company's income, it starts with its amount of revenue, deducts all costs, including such things as employees' salaries and depreciation, and the number that results is its income, which may be a negative number.
www.bookrags.com /Income   (1565 words)

  
 Planning for Change: Credit Counseling at the Threshold of Bankruptcy (Bankruptcy by the Numbers - ABI Journal February ...   (Site not responding. Last check: 2007-10-20)
Table 2 compares disposable incomes of CCA clients and a subset of chapter 13 debtors for which we have the disposable income calculations.
Debtors with disposable incomes between $100 and $166 per month will be tested in terms of the ratio of their disposable income (multiplied by 60 to allow for a five-year repayment plan) to their general unsecured debt.
Calculating disposable income using IRS guidelines thus reveals an additional 18 percent of the population eligible for relief under chapter 7, all else being equal.
www.usdoj.gov /ust/press/articles/abi01febnumbers.html   (1512 words)

  
 Ministry of Finance   (Site not responding. Last check: 2007-10-20)
Income- based gross domestic product is compensation of employees, plus consumption of fixed capital, plus gross operating surplus plus taxes less subsidies on production and imports.
Equal to gross national income plus current transfer in cash or in kind receivable by resident institutional units from non-resident units and subtracting all current transfers in cash or in kind payable by resident institutional units to non-resident units.
Gross fixed capital formation measures the total value of a producer’s acquisition, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.
www.mofne.gov.bh /english/Economy/dif.asp   (536 words)

  
 AusStats : Special Article - Saving, borrowing, investment and wealth
The gap between gross and net saving represents consumption of fixed capital, which is the decline in the value of fixed assets over the accounting period due to wear and tear, and foreseen obsolescence.
Disposable income can be generated either directly by participating in the process of production or indirectly through the redistributive process (taxation, social security benefits, income flows with the rest of the world).
As gross saving is calculated as a residual between two very large aggregates - disposable income and final consumption expenditure - it is sensitive to inaccuracies in the estimates and also to the particular definitions of disposable income and consumption used.
www.abs.gov.au /Ausstats/abs@.nsf/94713ad445ff1425ca25682000192af2/735369a711e755e7ca256afc0081762a!OpenDocument   (4017 words)

  
 The Dublin Chamber of Commerce - Print Friendly Version
Dubliners had the highest level of disposable income in 2001, according to the latest County Incomes and Regional GDP bulletin published by the Central Statistics Office (CSO).
According to the index, the most prosperous counties after Dublin were: Kildare, where disposable income was 105% of average; Limerick at 102.5%; Galway, 98.7%; Sligo, 98.4%; Louth, 98.3%; Cork, 97.3%; and Wicklow, 97.2%.
Disposable incomes - earnings after income tax and social insurance deductions - were lowest in Co Laois at €13,147, while the midlands region had the lowest disposable income per person for any region - it worked out at 86.3% of the national average.
www.dubchamber.ie /print.asp?article=463   (280 words)

  
 National Statistics Online
London and the South East had the highest levels of total household income by a considerable margin (£181 billion and £180 billion respectively), accounting for nearly one-third of the UK total.
Gross disposable household income per head as a percentage of household income per head averaged 65 per cent for the UK in 2003.
Gross value added (GVA) per head was highest in London, 32 per cent above the average for the UK and amounting to over £22,000 in 2004.
www.statistics.gov.uk /cci/nugget.asp?id=1442   (484 words)

  
 ODJFS Online | Office Of Child Support   (Site not responding. Last check: 2007-10-20)
Income withholding is an administrative or court ordered deduction of child and medical support obligations from a parent's income.
However, income withholding is not required for the self-employed unless that individual falls under the definition of an employee under a contract as an independent contractor and who is an individual, the sole shareholder of a corporation, or the sole member of a limited liability company per Revised Code section 3121.89.
If your employee will have reduced income for a period of time, he or she should be advised to contact the local CSEA and request that the support order be reviewed and modified based on a change of circumstances.
jfs.ohio.gov /Ocs/employers/withhold.stm   (3210 words)

  
 Columbia Basin Herald
Income thresholds and corresponding exemption amounts have changed as follows: $30,001 to $35,000 are exempt from 100 percent of all voter-approved (excess) levies; $25,001-$30,000 are exempt from 100 percent of all excess levies and exempt from regular levies on the greater of $50,000 or 35 percent of the frozen assessed value, not to exceed $70,000.
Zero to $25,000 are exempt from 100 percent of all excess levies and exempt from regular levies on the greater of $60,000 or 60 percent of the frozen assessed value.
Gross income now can be reduced by non-reimbursed costs for adult family or boarding homes and qualified in-home care, in addition to the previously allowed cost of nursing home care or an in-home care program.
www.columbiabasinherald.com /articles/2004/08/04/news/news03.txt   (572 words)

  
 Employer Services - Private Sector Employers - Income Withholding: Withholding Calculations   (Site not responding. Last check: 2007-10-20)
Disposable income is the amount of earnings remaining after subtracting certain mandatory deductions from an employee's gross pay.
In most cases, the amount ordered to be withheld will be less than the allowable disposable income amount, and the ordered amount can be withheld without any problem.
Even if the withholding order specifies a higher payment, the allowable disposable income is the most that may be withheld.
www.acf.dhhs.gov /programs/cse/newhire/employer/private/income/iw_calculations.htm   (397 words)

  
 disposable income
Mutual fund dividends are paid out of income, usually on a quarterly basis, from interest generated by a fund's...
Deduction An expense that is allowable as a reduction of gross taxable income by the IRS e.g., charity donations.
national income Measures of national income Measures of national income are used in economics to estimate the value...
www.idrassociate.org /10fyye-m.html   (601 words)

  
 SurfWax: News, Reviews and Articles On Disposable Income
The increase in disposable income from the farming sector should translate into healthy demand for precious metals from this region starting in September and lasting through the end of this year, as long as gold and silver prices don't spike to new highs, the report said.
And it is the same disposable income that is chasing property across the country as the Indian families put their faith firmly in concrete physical assets.
Disposable income for the richest Chinese grew 15.
news.surfwax.com /economics/files/Disposable_Income.html   (4395 words)

  
 Employer Services - Federal Agency Employers - Income-Withholding: Withholding Calculations   (Site not responding. Last check: 2007-10-20)
Deductions that are not mandatory cannot be subtracted in the calculation of disposable income for child support purposes.
In most cases the amount ordered to be withheld will be less than the allowable disposable income amount, allowing the ordered amount to be withheld without any problem.
However, the allowable disposable income is the most that may be withheld, even if the withholding order specifies a higher payment.
www.acf.dhhs.gov /programs/cse/newhire/employer/federal/income/iw_calculations.htm   (495 words)

  
 Technical Notes
Gross National Income (GNI) net of transfers from the rest of the world gives Gross National Disposable Income (GNDI).
All goods entering the country are recorded in imports and goods leaving the country in exports.
However, for the sake of continuity and consistency gross imports and exports through the customs and the free zone area are shown separately (Table 8).
ncb.intnet.mu /cso/ei429/technote.htm   (531 words)

  
 [No title]   (Site not responding. Last check: 2007-10-20)
That country showed impressive growth in the ratio of liabilities to disposable income between 1995 and 2000, which was four times that of Italy where household liabilities are still quite moderate in comparison with disposable incomes.
Table 28 : Household financial liabilities as a percent of disposable income  EMBED Word.Picture.8  As a percent of financial assets, indebtedness levels were very similar throughout the period In all the three zones, we find a decline of between one and two percentage points in the ratio of financial liabilities to assets.
It is not that disposable income rose particularly swiftly in Japan, but rather, as we have seen, that the value of residential property was severely reduced.
www.oecd.org /dataoecd/32/18/1954803.doc   (11534 words)

  
 Disposable income   (Site not responding. Last check: 2007-10-20)
Disposable income is aggregate income minus taxes plus transfer payments.
Your disposable income is the income that you have left after the tax has been taken out.
Your disposable income from working at the copy shop is $45 a weekend.
occawlonline.pearsoned.com /bookbind/pubbooks/parkin_awl/medialib/glossary/disposableincome.html   (81 words)

  
 Economic Indicators: Whitlam to Howard (August 2004 Update)   (Site not responding. Last check: 2007-10-20)
Net disposable income is the gross disposable income of the household sector net of depreciation on the capital assets of the household sector.
The proportion of net national disposable income that is not spent on final consumption of goods and services.
Net national disposable income is the gross national disposable income net of depreciation on the capital assets of the nation.
www.aph.gov.au /library/pubs/RN/2004-05/05rn10.htm   (1695 words)

  
 Paper F 1
On the other hand, in reference to the composition of the gross personal disposable income, we can also notice significant differences among the Spanish regions (Table A2); these differences are more important in the relative weight of current transfers and tax burden (direct taxes and social security contributions upon gross personal disposable income).
The importance of this income source as a way of improving the spatial and personal income distribution by means of an increase of the cover of unemployment subsidies and pensions expenditure is clear in Table A2, where we can observe that social benefits represent almost the whole of current transfers.
In fact, the progressiveness of personal income taxation would be compensated, in accordance with existing estimates, by the regressive effect of social security contributions (see Alvarez Aledo et alia, 1996), thus contributing to reduce the observed disparities in the regional and personal distribution of gross disposable income.
www.ersa.org /ersaconfs/ersa97/sessions/paper-f/f1.htm   (3348 words)

  
 Division of Statewide Payroll - Garnishments   (Site not responding. Last check: 2007-10-20)
The student loan debt, deduction for child support or chapter 13 must be included in the disposable income.
If a child support order (amount to withhold greater than 25% of disposable), federal tax levy or bankruptcy order (amount to withhold greater than 25% of disposable) is served the State Controller's Office would have to send the sheriff’s garnishment back and explain why this order can no longer be honored.
The amount of withholding is based on 10% of disposable income (see previous instructions).
www.sco.state.id.us /web/dsp/dspweb.nsf/Garnishments!OpenPage   (814 words)

  
 Ontario divorce and family law
Gross family income can be calculated without the assistance of computer software, which makes life easier.
Where both spousal support and child support are paid, gross family income calculations are not helpful, but net disposable income calculations are.
In these cases, net disposable income is divided approximately equally between the spouses.
www.ottawadivorce.com /how-much-spousal.htm   (378 words)

  
 Income limits increase for property tax relief program
The higher limits apply to 2004 income used to determine eligibility for tax relief for taxes due in 2005.
Household gross income includes disposable income of the homeowner and spouse and any co-tenants with ownership interest in the house.
Disposable gross income includes any wages, Social Security (excluding Medicare premiums), pension or individual retirement account payments, interest and dividends, and any business, rental or capital gains income.
www.sanjuanislander.com /county/assessor/seniors.shtml   (594 words)

  
 OSCN Found Document:UNION PACIFIC RAILROAD v. TRONA VALLEY FEDERAL CREDIT UNION
Whether a person who is garnished for both child support and a consumer judgment debt may have more than twenty-five (25%) percent of his or her disposable income garnished from his or her wages.
When the employee’s disposable earnings exceed a certain minimum level, then a maximum of 25% of his disposable earnings may be withheld.
The term “disposable earnings” is defined as “that part of the earnings of any individual remaining after the deduction from those earnings of any amounts required by law to be withheld.” 15 U.S.C.A. 1672(b) (1998).
www.oscn.net /applications/oscn/DeliverDocument.asp?citeID=434360   (2758 words)

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