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All CollectionsMeans TestChapter 13 - 122C-1
Chapter 13 Statement of Your Current Monthly Income (122C-1) - Line 20
Chapter 13 Statement of Your Current Monthly Income (122C-1) - Line 20

See how line 20 is completed on form 122C-1

Kelly Torres avatar
Written by Kelly Torres
Updated over 7 months ago

Line 20: Calculate your current monthly income for the year. Follow these steps:

Line 20a: Copy line 19b.

We will then multiply that amount by 12 (the number of months in a year) to get the amount on line 20b.

Line 20b: The result is your current monthly income for the year for this part of the form.

Line 20c: Copy the median family income for your state and size of household from line 16c.

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