surplus income

January 26th, 2012 by Questions

I am a bit confused as to which figure is used to determine surplus income. Is it your income before or after taxes?

Posted from: Ontario


One Response to “surplus income”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

When you are doing the surplus income calculation you have to use your net income (after tax income). If you used your gross (before tax) then you would end up paying far more than you should.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)