MD FAMILY-LAW 12-201

Maryland Family Law Code Section 12-201 (2023) - Definitions (a) In this subtitle the following words have the meanings indicated. (b) (1) “Actual income” means income from any source. (2) For income from self–employment, rent, royalties, proprietorship of a business, or joint ownership of a partnership or closely held corporation, “actual income” means gross receipts minus ordinary and necessary expenses required to produce income. (3) “Actual income” includes: (i) salaries; (ii) wages; (iii) commissions; (iv) bonuses; (v) dividend income; (vi) pension income; (vii) interest income; (viii) trust income; (ix) annuity income; (x) Social Security benefits; (xi) workers’ compensation benefits; (xii) unemployment insurance benefits; (xiii) disability insurance benefits; (xiv) for the obligor,...