Means Test

Forms 122A-1 / 122A-2 — Chapter 7 eligibility determination
ABOVE MEDIAN
Full means test calculation required. Chapter 13 may be necessary.
$7,187.50
Current Monthly Income
$86,250.00
Annualized Income
$71,304.00
State Median (HH 1)
$14,946.00
Above Median
Configuration
Auto-Linked Income (from Paychecks & Employment)
Compass Group USA, Inc. (debtor_1): $7936.67/mo
Total: $7936.67/mo
Employment Income Edit in Employment
EmployerOccupationPay PeriodGross/PeriodMonthly
Compass Group USA, Inc. Executive Chef Bi-Weekly $3,663.08 $7,937.89
Total Employment Income $7,937.89
Other Income Sources Edit in Employment
SourceMonthly Amount
No other income sources
$7,187.50
Current Monthly Income
$86,250.00
Annualized (CMI x 12)
$71,304.00
IL Median (HH 1)
Auto-Linked Deductions (from Paychecks & Creditors)
Taxes: $1772.94 Health Ins: $445.91 Life Ins: $50.74 Retirement: $450.86 Total: $3632.43
Debt Payments: Secured $2441.00/mo
Allowed Monthly Deductions IRS National & Local Standards
CategoryMonthlyAnnual
Food Clothing Personal Care $785.00 $9,420.00
Healthcare $84.00 $1,008.00
Housing Utilities $1,519.00 $18,228.00
Transportation Operating $259.00 $3,108.00
Transportation Ownership $662.00 $7,944.00
Taxes $1,772.94 $21,275.28
Mandatory Payroll $0.00 $0.00
Health Insurance $445.91 $5,350.92
Secured Debt Payments $2,441.00 $29,292.00
Priority Debt Payments $0.00 $0.00
Total $7,968.85 $95,626.20
Total Deductions $15,937.70 $191,252.40
Monthly Disposable Income
$-781.35
No disposable income — passes means test
Means Test Configuration
Dependents listed: 2
Data Sources Used
SourceStatusDetails
Employment 1 record(s) View
Other Income None View
Expenses (Schedule J) Complete View
Creditors (debt payments) 18 creditor(s) View
Dependents 2 dependent(s) View

Full Means Test Calculation

Step 1: Current Monthly Income (Form 122A-1)
Gross wages from employment$7,937.89
Other income$0.00
Current Monthly Income (CMI)$7,187.50
Annualized (CMI x 12)$86,250.00
Step 2: Median Comparison
StateIL
Household size1
State median income$71,304.00
Result ABOVE MEDIAN — Proceed to Step 3
Step 3: Deductions (Form 122A-2)
Food Clothing Personal Care$785.00
Healthcare$84.00
Housing Utilities$1,519.00
Transportation Operating$259.00
Transportation Ownership$662.00
Taxes$1,772.94
Mandatory Payroll$0.00
Health Insurance$445.91
Secured Debt Payments$2,441.00
Priority Debt Payments$0.00
Total$7,968.85
Total Deductions$15,937.70
Step 4: Disposable Income
CMI$7,187.50
Less: Total Deductions-$15,937.70
Monthly Disposable Income$-781.35
60-Month Projected$-46,881.00
CMI $7,187.50
Annual $86,250.00
Median $71,304.00
Result ABOVE