Description of types of income:
Earned Income:
Wages, salaries, fees, commissions, tips, bonuses, net business income and other earned income subject to Federal income taxation.
Interest Income:
Interest income including, but not limited to, interest received from accounts with banks, savings and loan associations, money market funds, credit unions or bonds.
Dividends:
Dividends received from corporate stock holdings or cash dividends from life insurance policies.
Benefits:
Taxable benefits, including but not limited to unemployment compensation, Social Security payments and pensions. Benefits are counted as income only if the benefit is paid on behalf of the client. Food stamps are not counted as income.
Alimony:
Includes alimony received or spousal support received prior to divorce. Does not include child support.
Other taxable income:
Includes all other income subject to Federal income taxation, e.g., rental income, lottery winnings, net capital gains, etc.