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20162017 Income and Expense Statement for Additional Household Member Students Name Delphi ID# Family Members Name Relationship to student On your Free Application for Federal Student Aid (FAFSA),

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What is income and expense statement?

Income and expense statement is a financial document that tracks the income and expenses of an individual or business, showing the net profit or loss over a specific period of time.

Who is required to file income and expense statement?

Individuals and businesses are required to file income and expense statement to report their financial activities and comply with tax regulations.

How to fill out income and expense statement?

To fill out an income and expense statement, gather all income and expense receipts and records, categorize them accordingly, and calculate the net profit or loss.

What is the purpose of income and expense statement?

The purpose of income and expense statement is to provide a clear overview of an individual or business's financial performance and help in making informed financial decisions.

What information must be reported on income and expense statement?

Income and expense statement must include details of all income sources, expenses incurred, deductions claimed, and the resulting net profit or loss.

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