Effective Income Calculator

Enter the gross income ($) and any additional income, including bonuses ($), into the Calculator. The calculator will evaluate the Effective Income. 

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Effective Income Formula

EI = GS + AI

Variables:

• EI is the Effective Income ($)
• GS is the gross income ($)
• AI is any additional income, including bonuses ($)

To calculate Effective Income, add the gross income to any additional income, including bonuses.

How to Calculate Effective Income?

The following steps outline how to calculate the Effective Income.

1. First, determine the gross income ($). 
2. Next, determine any additional income, including bonuses ($). 
3. Next, gather the formula from above = EI = GS + AI.
4. Finally, calculate the Effective Income.
5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

gross income ($) = 50000

any additional income including bonuses ($) = 10000