Income Assessment

Income assessment is the process of evaluating an individual's or household's financial earnings to determine their economic situation. This evaluation typically considers various sources of income, such as salaries, wages, investments, and benefits. Income assessments are often used for purposes like applying for loans, determining eligibility for assistance programs, or calculating taxes. By understanding a person's income, organizations can make informed decisions regarding financial support, loans, or other financial services, ensuring that individuals receive the appropriate level of assistance based on their financial capabilities.