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I received an invitation for a housing lottery interview, and my base income falls exactly within the limits of the requirements. However, my potential commission/bonus can put me significantly over the salary requirements. I started the job recently and have not received any commission or bonus.
Since I haven't received any commission/bonus yet and given that the commission/bonus can potentially be $0 or significantly more, will this count as my salary?
It will all come down to what your employer puts on the employment verification form. If last year's tax forms and the average of your last 6 paystubs show you as within the bracket, then there is a form that your employer will have to fill out to verify your income. There is a spot on that form where the employer lists any expected bonuses. If they put your expected bonus on that form, it could disqualify you.
What do you mean by the employment verification? Will they contact my employer to verify if there is a potential bonus?
My last 6 paystubs do not include any bonus amounts, so I should be good there.
There is a form your employer will need to fill out. One of the sections asks about expected bonuses/commissions within the next 12 months. They may also contact your employer to verify. Also, if you deposit the bonus, they will see it on your bank account.
This is the problem with these "affordable housing" programs. They actively encourage people to NOT better themselves. The only person I have ever heard of turning down a raise, was someone in the process or trying to get one of these units. And tax breaks are actually given to developers for this.
You can only put down the income you've received so far. There's no way you, the employee, can put a dollar figure on "potential" income. Maybe your employer can, but he might not want to commit to potential money amounts on paper. Seems like it may be a case of timing for now. Cross your fingers.
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