- 8 - The reported value of the house reflected an 80-percent “quick- sale” value. Petitioners also reported that Mr. Carter had a pension fund valued at $123,591, but indicated that it was not currently accessible. Petitioners reported gross monthly income of $4,458, representing Mr. Carter’s wages of $3,496, Ms. Carter’s wages of $827, and other income of $135.8 Petitioners also reported the following monthly living expenses: Expense item Monthly Expense Housing $1,648 Transportation 390 Health care 212 Taxes 1,210 Life insurance 56 Attorney’s fees 299 Other business-related 176 expenses Total 3,991 In one of the May 14, 2004 letters, petitioners state that they are offering to pay $99,851 “for all Hoyt related years to be paid in one lump sum payment. The amount accounts for all the 8 The Form 433-A in evidence does not include page 6, which would include “Section 9, Monthly Income and Expense Analysis” and the signature line. Thus, our findings of fact regarding petitioners’ monthly income and expenses come from representations made by respondent in the Notice of Determination.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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