Income Estimation
/ˈɪnkʌm ˌɛstɪˈmeɪʃən/
Definitions
- (n.) The process of approximating an individual's or entity's earnings for legal purposes such as taxation, benefits eligibility, or financial disclosures.
The court relied on the income estimation to determine child support payments.
Forms
- income estimation
Related terms
See also
Commentary
Income estimation is crucial in legal contexts where exact income data is unavailable, affecting decisions in family law, tax law, and social benefits.
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.