"qualifying income" is a correct and usable term in written English.
You can use it to describe income that meets certain criteria and thus is eligible to be used in a particular situation. For example, you could say "You need to have five years of qualifying income in order to qualify for a mortgage."
For further reading, see Vinson & Elkins, I.R.S. Affirms and Expands the Scope of Qualifying Income for M.L.P.'s.
That's not necessarily a fault of the developers: qualifying income levels are set using area median income, which is $48,060 for New York City as a whole.
The assets are separate from dividends, interest payments, trust distributions and Social Security payments, which have long been eligible for consideration when calculating a borrower's qualifying income.
The I.R.S. has concluded, for example, that income from the supply and transportation of fracturing fluid – and the removal, treatment and disposal of fracturing flowback – constitutes qualifying income.
The highest qualifying income level is 60percentt of median area income, or for Bridgeport roughly $31,560 a year for one person.
It is not uncommon for women here to take a year off to care for their children after birth, receiving 80percentt of their (qualifying) income for the first 390 days.
Ms. Johnson said some of her employees have no form of health insurance, and a large percentage are on Medicaid or take advantage of a state program that provides health insurance to children in families with qualifying incomes.
One of the possibilities: Give loan applicants credit on their qualifying incomes for a home loan in exchange for documentable savings in annual energy expenditures.
Do you know what a qualified income offset provision is? Do you understand minimum gain?
Read about special needs trusts and income-only trusts (aka qualified income trusts) and discuss with an Elder Law Attorney whether such a trust would help you.
In addition, some lenders qualify income-deficient, asset-rich retirees by using a program known as asset depletion.
