Definitions for "Gross Annual Income"
Gross annual income includes income from all borrowers (e.g., husband and wife) before taxes, Social Security, workers’ compensation, and so on. Bonuses can be added to this amount only if they can be documented over the last 24 months.
Overall total salary and other income sources before taxes and other deductions are taken out.
The total amount of income from all sources (not just salary) that a borrower receives per year before deductions.