net income for the 12 months...

[AlleyCatHamze]

in the application "sponsorship evaluation" question #3, it asks to provide the net personal income for the 12 months period.
When they say "net", are the asking how much I'm getting paid bi-weekly with tax already deducted but my overtime and bonus hours already included, and then multiply by 12?

 

[rhcohen2014]

yes, net means how much you've made AFTER taxes have already been taken out. it is the amount you actually "took home" in the last 12 months.

 

[driftcars]

If you look at your tax return (line 236), net income is the income before the deductions though.