State Assistance Budgeting Income - Annualizing Income
Annualizing income (earned and unearned) is a method used to determine a monthly amount of income that is received or anticipated to be received over a 12 month period.
NOTE The income may be received in 12 months or a period of time of less than 12 months. (See Prorating Income)
Divide the gross annual income by 12.
For self employment, see budgeting self employment.