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

## 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