Income Assessment
/ˈɪnkʌm əˈsɛsmənt/
Definitions
- (n.) The process of evaluating an individual's or entity's financial income to determine eligibility for benefits, taxation, or legal obligations.
The court ordered an income assessment to decide the appropriate child support amount.
Forms
- income assessment
- income assessments
Related terms
See also
Commentary
Income assessment often requires precise and updated financial documentation to ensure accuracy in legal proceedings involving economic status.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.