Figuring Monthly Gross Income for the OIC



I was just wondering if I could get some feed back on the formula’s other tax professionals are using to calculate gross monthly income for wage earners regarding the 433-A/OIC

Shiloh Jorden


I’m not sure I understand what you are looking for by your question - could you elaborate more?

In general, if they are a wage earner you use their gross wages on the left side and deduct the taxes (WH, SS, Medicare) on the right along with other allowable expenses (rent, food, medical, etc).


4.3 weeks in a month…2.17 biweekly? Is that what you are referring to? Canopy does all that automatically…