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FAFSA 10-11 (en) Form 2009-12-28.indd

FAFSA 10-11 (en) Form 2009-12-28.indd

FAFSA 10-11 (en) Form 2009-12-28.indd

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Step Four CONTINUED from page 6For questions 84–93, if the answer is zero or the question does not apply, <strong>en</strong>ter 0. Report whole dollar amounts with no c<strong>en</strong>ts.84. What was your par<strong>en</strong>ts’ adjusted gross income for <strong>2009</strong>? Adjusted gross income is on IRS <strong>Form</strong> <strong>10</strong>40—line 37;<strong>10</strong>40A—line 21; or <strong>10</strong>40EZ—line 4.85. Enter your par<strong>en</strong>ts’ income tax for <strong>2009</strong>. Income tax amount is on IRS <strong>Form</strong> <strong>10</strong>40—line 55; <strong>10</strong>40A—line 35; or<strong>10</strong>40EZ—line <strong>11</strong>.86. Enter your par<strong>en</strong>ts’ exemptions for <strong>2009</strong>. Exemptions are on IRS <strong>Form</strong> <strong>10</strong>40—line 6d or on <strong>Form</strong> <strong>10</strong>40A—line 6d.For <strong>Form</strong> <strong>10</strong>40EZ, see Notes page 2.$$,,Questions 87 and 88 ask about earnings (wages, salaries, tips, etc.) in <strong>2009</strong>. Answer the questions whether or not a tax return was filed. This information may be onthe W-2 forms, on IRS <strong>Form</strong> <strong>10</strong>40—lines 7 + <strong>12</strong> + 18 + Box 14 of IRS Schedule K-1 (<strong>Form</strong> <strong>10</strong>65); on <strong>10</strong>40A—line 7; or on <strong>10</strong>40EZ—line 1. If any individual earning item isnegative, do not include that item in your calculation.87. How much did your father/stepfather earn from working in <strong>2009</strong>?88. How much did your mother/stepmother earn from working in <strong>2009</strong>?89. As of today, what is your par<strong>en</strong>ts’ total curr<strong>en</strong>t balance of cash, savings and checking accounts?90. As of today, what is the net worth of your par<strong>en</strong>ts’ investm<strong>en</strong>ts, including real estate? Don’t include the homeyou live in. Net worth means curr<strong>en</strong>t value minus debt. See Notes page 2.91. As of today, what is the net worth of your par<strong>en</strong>ts’ curr<strong>en</strong>t businesses and/or investm<strong>en</strong>t farms?Don’t include a family farm or family business with <strong>10</strong>0 or fewer full-time or full-time equival<strong>en</strong>t employees. SeeNotes page 2.92. Par<strong>en</strong>ts’ <strong>2009</strong> Additional Financial Information (Enter the amounts for your par<strong>en</strong>t[s].)$$$$$,,,,,a. Education credits (Hope and Lifetime Learning tax credits) from IRS <strong>Form</strong> <strong>10</strong>40—line 49 or <strong>10</strong>40A—line 31.b. Child support paid because of divorce or separation or as a result of a legal requirem<strong>en</strong>t. Don’t include support for childr<strong>en</strong>in your par<strong>en</strong>ts’ household, as reported in question 73.c. Your par<strong>en</strong>ts’ taxable earnings from need-based employm<strong>en</strong>t programs, such as Federal Work-Study and need-basedemploym<strong>en</strong>t portions of fellowships and assistantships.d. Stud<strong>en</strong>t grant and scholarship aid reported to the IRS in your par<strong>en</strong>ts’ adjusted gross income. Includes AmeriCorps b<strong>en</strong>efits(awards, living allowances and interest accrual paym<strong>en</strong>ts), as well as grant and scholarship portions of fellowships andassistantships.e. Combat pay or special combat pay. Only <strong>en</strong>ter the amount that was taxable and included in your par<strong>en</strong>ts’ adjustedgross income. Do not <strong>en</strong>ter untaxed combat pay reported on the W-2 (Box <strong>12</strong>, Code Q).$$$$$,,,,,f. Earnings from work under a cooperative education program offered by a college. $,93. Par<strong>en</strong>ts’ <strong>2009</strong> Untaxed Income (Enter the amounts for your par<strong>en</strong>t[s].)a. Paym<strong>en</strong>ts to tax-deferred p<strong>en</strong>sion and savings plans (paid directly or withheld from earnings), including, but not limited to,amounts reported on the W-2 forms in Boxes <strong>12</strong>a through <strong>12</strong>d, codes D, E, F, G, H and S.b. IRA deductions and paym<strong>en</strong>ts to self-employed SEP, SIMPLE, Keogh and other qualified plans from IRS <strong>Form</strong> <strong>10</strong>40—line 28 +line 32 or <strong>10</strong>40A—line 17.c. Child support received for any of your par<strong>en</strong>ts’ childr<strong>en</strong>. Don’t include foster care or adoption paym<strong>en</strong>ts.d. Tax exempt interest income from IRS <strong>Form</strong> <strong>10</strong>40—line 8b or <strong>10</strong>40A—line 8b.e. Untaxed portions of IRA distributions from IRS <strong>Form</strong> <strong>10</strong>40—lines (15a minus 15b) or <strong>10</strong>40A—lines (<strong>11</strong>a minus <strong>11</strong>b).Exclude rollovers. If negative, <strong>en</strong>ter a zero here.f. Untaxed portions of p<strong>en</strong>sions from IRS <strong>Form</strong> <strong>10</strong>40—lines (16a minus 16b) or <strong>10</strong>40A—lines (<strong>12</strong>a minus <strong>12</strong>b).Exclude rollovers. If negative, <strong>en</strong>ter a zero here.g. Housing, food and other living allowances paid to members of the military, clergy and others (including cash paym<strong>en</strong>ts andcash value of b<strong>en</strong>efits). Don’t include the value of on-base military housing or the value of a basic military allowance forhousing.h. Veterans noneducation b<strong>en</strong>efits, such as Disability, Death P<strong>en</strong>sion, or Dep<strong>en</strong>d<strong>en</strong>cy & Indemnity Comp<strong>en</strong>sation (DIC) and/orVA Educational Work-Study allowances.i. Other untaxed income not reported in items 93a through 93h, such as workers’ comp<strong>en</strong>sation, disability, etc.Don’t include stud<strong>en</strong>t aid, earned income credit, additional child tax credit, welfare paym<strong>en</strong>ts, untaxed Social Security b<strong>en</strong>efits,Supplem<strong>en</strong>tal Security Income, Workforce investm<strong>en</strong>t Act educational b<strong>en</strong>efits, on-base military housing or a military housingallowance, combat pay (if your par<strong>en</strong>ts are not tax filers), b<strong>en</strong>efits from flexible sp<strong>en</strong>ding arrangem<strong>en</strong>ts (e.g., cafeteria plans),foreign income exclusion or credit for federal tax on special fuels.For Help–www.stud<strong>en</strong>taid.ed.gov/completefafsa Page 7$$$$$$$$$,,,,,,,,,

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