Under FDIC, a tenant’s annual income is calculated according to the method used to determine gross annual income for HUD’s Section 8 Program. This method differs from the way a household’s income is calculated for tax purposes. Owners/managers should refer to the Chapter 4 of the FDIC Owners Manual. For additional information, contact AHC. Also, the local Section 8 Administrator or Public Housing Authority may be able to provide some guidance.