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FHA doesn't have residual income guidelines...this applies to VA loans

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Q: Would you explain residual income guidelines for FHA loans?
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May Cheng and Hannah Webster are partners who share in the income equally and have capital balances of 207000 and 62500 respectively. Cheng with the consent of Webster sells one-third of her interest?

It's a statement and not a question ! From the intent of the questioner, my answer is that even after selling 1/3rd shares , the future income on residual shares would be shared on equal proportion as agreed upon between them.


Is borrowed money taxable in US?

No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.


If someone moves in your house and you move out and they pay your mortgage is this considered income and do you have to pay taxes on it?

Yes you would have some rental income that you would be required to report on your income tax return.


What is the main source of income for childcare centers?

The only source of income for childcare centers would be from their only source of income...clients.


Income from a 300000 annuity?

I think that you mean income from a 300,000 capital lump sum. Correct? An annuity is when your capital is used to buy an income for life. There are two forms of annuity, purchased and compulsary. Purchased means you take your savings and buy an income for the rest of your life. A compulsary annuity is when your savings have been accrued in a tax exempt pension sceme and therefore you have NO CHOICE about buy an annuity with them. Okay, whatever the type of annuity, you get the choice of what type of annuity you buy as follows:- (1) Straightforward annuity. No guarantee. When you die, the income ceases. (2) Guaranteed annuity. The income would be paid for 5 or 10 years whether you were alive or dead. If the latter, it would be paid to your estate for the residual period of the guarantee. (3) Joint life annuity. If you are married and were to die first, the income would be paid to your wife until she died. (4) Indexed linked annuity. The income would be increased at a maximum of 5% per year to offset increases to the cost of living. Note that each time you add sophistication to your choice of annuity, the start level of the annuity would be lower. Also note that annuity rates fluctuate in line with bank interest rates. You should shop around to find the highest annuity payer as rates differ between different insurance companies.

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I want to know if I could open my own business at home?

I am sure they will allow you to as long as you report your income and follow the guidelines for a barbershop. I would also recommend you look at the guidelines by the FDA and such other organizations.


What need theories would explain why Lemuel Greene was unhappy despite his high income?

What need theory would help why Lemuel Greene was unhappy despite his high income


'National Income statistics are a powerful tool of economic understanding and analysis' Explain 'An economy's output is its income' Do you agree Explain?

national income measures the wealthy that exists in an economy.national income statistics wl determine national output under the fomular:output=income=expenditure!however the appropriateness of national income ar a measure of output is compromised by the weaknesses inherent in obtaining national income data!national income disregards underground economy or the black market which as a result economies that constitute a significant amount of such markets would have an understated national income figure thus its true measure of national out put wl nt be realised if these statistics are used!


Distinction of income taxs from revenue?

Revenue would be income. Income taxes would be a liability.


Would personal income disposable income or discretionary income be of the greatest interest to marketers?

Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.


Why would residual oils or soap interfered with an stearic acid experiment?

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What would happen if there were no guidelines for documentation in a health record?

i think if don't have no guidelines for documentation in a health record it will hurt alot people and they would no what their their is


What is cost plus residual value?

The residual value of "cost plus" is whatever is charged which exceeds the cost. Example: I provide a quote the terms for a project as being "cost plus 20%". If the cost for my project is $100, then I would bill $120. The residual value is $20.


May Cheng and Hannah Webster are partners who share in the income equally and have capital balances of 207000 and 62500 respectively. Cheng with the consent of Webster sells one-third of her interest?

It's a statement and not a question ! From the intent of the questioner, my answer is that even after selling 1/3rd shares , the future income on residual shares would be shared on equal proportion as agreed upon between them.


Does the custodial parent have the right to quit job for more support?

In general, support is a percentage of the obligor's net income and is not affected by the custodial parent's income. A custodial parent who petitions for an increase in support would presumably have to explain to the court why s/he quit working.