Annual Income Includes:

Full amount (before payroll deductions) of wages and salaries, overtime pay, commissions, fees, tips and bonuses and other compensation for personal services

Net income from the operation of a business or profession

Interest, dividends and other net income of any kind from real or personal property (See Assets Include/Assets Do Not Include below)

Full amount of periodic amounts received from Social Security, annuities, insurance policies, retirement funds, pensions, disability or death benefits and other similar types of periodic receipts, including lump-sum amount or prospective monthly amounts for the delayed start of a periodic amount (except for deferred periodic payments of supplemental security income and social security benefits, see Exclusions from Annual Income, below)

Payments in lieu of earnings, such as unemployment and disability compensation, worker’s compensation and severance pay **(except for lump-sum additions

Retirement and pension funds

Cash held in savings and checking accounts, safe deposit boxes, homes, etc.

Cash value of whole life insurance policies available to the individual before death

Equity in rental property and other capital investments

Personal property held as an investment

Lump sum receipts or one-time receipts

Mortgage or deed of trust held by an applicant

Assets disposed of for less than fair market value.