How To Calculate Your Annual Income?

Add up all sources of income you receive in a year

Include salary or wages before taxes

Include bonuses, commissions, and overtime pay

Include freelance or self-employment income

Include rental income

Include interest, dividends, and investment gains

Include pensions, Social Security, and retirement distributions

Include unemployment benefits and other taxable benefits

Subtract any business expenses if calculating net self-employment income

Use monthly income multiplied by 12 if your income is steady

Use weekly income multiplied by 52 if your income is weekly

Use biweekly income multiplied by 26 if your income is paid every two weeks

Use hourly pay multiplied by hours worked per year

Add all annual amounts together to get total annual income

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