1. What is YTD Income?

YTD (Year-to-Date) Income represents the total income earned from the beginning of the current year up to the present date. For GM Financial Services, this includes all revenue generated by financial products and services.

2. How Does the Calculator Work?

The calculator uses a simple YTD calculation:

Where:

• \( income\_to\_date \) — Total income accumulated from January 1 to current date

Explanation: The calculation sums all income received during the current fiscal year.

3. Importance of YTD Calculation

Details: YTD income measurement is crucial for financial planning, performance evaluation, and comparing current performance to previous years or budget projections.

4. Using the Calculator

Tips: Enter the total income amount in dollars received since the beginning of the fiscal year. The value must be positive.

5. Frequently Asked Questions (FAQ)

Q1: What income sources should be included?
A: Include all revenue streams - interest income, fees, service charges, and other financial product revenues.

Q2: How often should YTD be calculated?
A: Typically calculated monthly for financial reporting, but can be done at any time for analysis.

Q3: Does YTD include taxes or deductions?
A: No, YTD income is typically reported as gross income before deductions.

Q4: How does this differ from quarterly income?
A: YTD covers the entire year up to now, while quarterly income covers just one 3-month period.

Q5: Should this include unrealized gains?
A: Generally no - YTD income typically includes only realized income and cash flows.