I need to know how Wells Fargo will calculate my income.
From January 1st 2015 until April 27th 2015 I was unemployed. I began working working for Time Warner Business Class as an account sales consultant April 27th 2015 to present as a full time employee
I get paid Biweekly.
I am paid 13.08 hourly plus commission. 13.08 x 40 = 523.20. X 52 = $27,206.40 / 12 = $2,267.20 or divided by 26 equates to $1046.00 biweekly.
I didn't get my first commission check until July 25th. Gross was about $5,000 & net was about $3,500. I was paid again the same on August 25 and agin the same tomorrow September 24th.
If I apply for HAMP, will they calculate my commission from last 3 months by adding it and dividing by 3
will they divide it by the 9 months in the year so far
Will they divide by 3
I need to also know if they calculate my Wife's income, which she contributes 100%
(She's a w/2 full time hourly income only) by 75% or will they use the full 100%?
Your best professional answer is greatly appreciated....