How do I calculate income for homebuyers with pay schedules representing less than a full year (e.g., salaried teachers receiving pay over nine months instead of 12)?
Please provide official documentation from the employer with respect to any pay schedules representing less than a year(i.e., teaching contract, etc.). In the teaching example cited above, if sufficient documentation is provided, you may multiply the “Average Pay per Period” by nine months instead of 12 months.
Related Questions
- How do I calculate income for homebuyers with pay schedules representing less than a full year (e.g., salaried teachers receiving pay over nine months instead of 12)?
- Why does the Year to Date Earnings total on my pay voucher not match Box 14 (Employment Income) on my T4?
- How do I set up salaried employees who are paid only 10 months of the year (teachers)?
