stated income

stated income
A quantity of income alleged by its earner, without proof.

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  • Stated income loan — A stated income loan is a mortgage where the lender does not verify the borrower s income, by looking at their pay stubs, W 2 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at… …   Wikipedia

  • Stated Income / Stated Asset Mortgage - SISA — A type of reduced documentation mortgage program which allows the borrower to state on the loan application what their income and assets are without verification by the lender; however, the source of the income is still verified. SISA loans… …   Investment dictionary

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… …   Wikipedia

  • Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …   Wikipedia

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • Income tax and gambling losses — Rules concerning income tax and gambling losses vary internationally.United KingdomIn the United Kingdom, wins (unless in the course of a trade) are not taxable and losses are not deductible.United StatesIn the United States, gambling wins are… …   Wikipedia

  • Male–female income disparity in the United States — Main article: Gender pay gap Median weekly earnings of full time wage and salary workers, by sex, race, and ethnicity, 2009.[1] Male–female income diference, also referred to as the gender gap in earnings in t …   Wikipedia

  • Gross income — is commonly defined as the amount of a company s or a person s income before all deductions or any taxpayer’s income, except that which is specifically excluded by the Internal Revenue Code, before taking deductions or taxes into account. For a… …   Wikipedia

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