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Hello all,
In calculating my gross salary I want to use my base as well as pay period employee benefits 'credits'. These credits are monetary in nature (around $155 per pay period, so about $3700 yearly). Can I add this amount ($3700) to my base salary for mortgage income calculation? Thanks!
@OUbobcats_1804 wrote:Hello all,
In calculating my gross salary I want to use my base as well as pay period employee benefits 'credits'. These credits are monetary in nature (around $155 per pay period, so about $3700 yearly). Can I add this amount ($3700) to my base salary for mortgage income calculation? Thanks!
Are these employee credits reflected on your W2 at the end of the year ? If so then I see no reason why they couldn't be included as income.
Thanks for the response...they are reflected within the dollar amount designated as "GROSS PAY"...on the front W2, under the "2011 W-2 and EARNINGS SUMMARY" title. They are not, however, reflected within Box 1 (Wages, tips, other comp.) or Box 3/Box 5 amounts.
Which box does the Loan Officer/Underwriter pay attention to?