Means, Median, Gross, and Net

[kathy4530050]

Hi Everyone--

I posted last week about advice from the last attorney I consulted to beef up my business expenses and thereby reduce my income so I can file sooner. But I'm confused about how to arrive at my net income. Gross minus expenses certainly isn't net because I have federal, state, and city income taxes, self-employment taxes, and FICA to consider.

And then, if I am looking at coming in under the median, what IS the median? Is it gross? Gross minus expenses? Gross minus expenses minus taxes?

If my gross (w/o subtracting expenses) is too high, am I automatically looking at trying to pass the means test instead? Or am I looking at the means test only if gross minus expenses puts me over the median?

Sorry if this sounds confusing . . . but I'm confused!

Thanks!

[ben1381]

form b22a

You need to fill out the entries on bankruptcy form b22a to answer your questions. Go to www.legalconsumer.com for help in filling out this form

[kathy4530050]

You need to fill out the entries on bankruptcy form b22a to answer your questions. Go to www.legalconsumer.com for help in filling out this form

Thanks Ben. Went there, found it, just what I needed.