Q: What is considered income for a hearing? Obviously salary, but what about things like investments?
It's easy to calculate what someone earns from their W-2, but what about thing like stock gains and other investments?
A:
Yes, that could be considered income as well. "Income" is defined at 23 Pa.C.S. sec. 4302, and includes (take a deep breath here):
"compensation for services, including, but not limited to, wages, salaries, bonuses, fees, compensation in kind, commissions and similar items; income derived from business; gains derived from dealings in property; interest; rents; royalties; dividends; annuities; income from life insurance and endowment contracts; all forms of retirement; pensions; income from discharge of indebtedness; distributive share of partnership gross income; income in respect of a decedent; income from an interest in an estate or trust; military retirement benefits; railroad employment retirement benefits; social security benefits; temporary and permanent disability benefits; workers' compensation; unemployment compensation; other entitlements to money or lump sum awards, without regard to source, including lottery winnings; income tax refunds; insurance compensation or settlements; awards or verdicts; and any form of payment due to and collectible by an individual regardless of source."
Hope this helps. Best of luck to you.
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