How to Figure Out Annual Gross Income?

Add up all income earned before taxes and deductions for one year

Include wages, salaries, overtime, bonuses, and commissions

Include self-employment income before business expenses

Include rental income before expenses

Include interest, dividends, and other investment income

Include pensions, retirement distributions, and Social Security benefits if applicable

Include any other taxable or non-taxable income sources you receive

If paid hourly, multiply hourly rate by hours worked per year

If paid weekly, multiply weekly pay by 52

If paid biweekly, multiply biweekly pay by 26

If paid semimonthly, multiply semimonthly pay by 24

If paid monthly, multiply monthly pay by 12

Add all annual income amounts together

Use gross amounts, not take-home pay

Check pay stubs, tax forms, and bank records for accurate totals

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