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Explain an Income Statement

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Web: www.medfinaid.yale.edu 367 Cedar Street New Haven, CT 06510 Phone: (203)785-2645 Fax: (203) 785-2924 2008-2009 Income Statement for Parents Living Abroad To be completed by U.S. and International Students where applicable If your parents are not living in the United States and will not file a U.S. Federal Income Tax Return, or your parents are not living in the United States and are not US Citizens and therefore not required to complete a U.S. Federal Income Tax Return, please have them complete the following: Student’s Name: _______________________________________ Yale I.D. Number: _____________ Student’s Parent Living Abroad Age: Parent’s current spouse (if any) Age: Name Address Occupation Title Employer Information Employer Name: Number of years with Employer Employer Name: Number of Years with Employer What is the current exchange rate of your country’s currency in US Dollar? __________ =$1 Parent’s Dependent Information Provide the following information for others who depend on your income for daily living expenses. Name Relationship Age Complete the section below for any of the persons who depend on you for their educational costs. Student’s Name Name/Location of School Annual Cost to Attend Amount that You Provide Amount of Aid from Institution/Government Parent’s (and Current Spouse’s) Income Information List family’s total annual income in U.S. dollars. Source of Income Actual 2006 Income Actual 2007 Income Estimated 2008 Income Parent Parent’s Spouse Other Total US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ Explain income from other sources: The primary source of family income is from: □ Salary/Wages □ Family Owned Business/Farm □ Other (Explain below): _____________________________________________________ Parent’s (and Current Spouse’s) Asset and Debt Information Complete the following information about the present value of assets or jointly owned assets. Land and Buildings (other than Home) Money Owed to Family by Others Explain: US$ US$ Savings and Investments Other Assets Explain: US$ US$ Does your family own its home? Yes Year of Purchase No If yes, complete the following: Amount Still owed on Purchase Price Present Value Original Purchase Price US$ US$ US$ Parent’s (and Current Spouse’s) Expenses List average amounts of money spent each year by your family for the following expenses. Food Clothing Housing (Rent or Mortgage Payments) Taxes List and explain any other expenses Certification I declare that the information on this form is true, correct and complete. If requested, I agree to provide documentation to verify information reported. Father’s/StepFather’s Signature ____________________________________ Date: __________ Mother’s/StepMother’s Signature ____________________________________ Date: __________ US$ US$ US$ US$ Utilities Medical Expenses Automobile Maintenance Child Support US$ US$ US$ US$
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