Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
An annualized salary is useful for employees who do not work the full year, such as teachers, and for employees who work part of each year on a salaried basis. Annualization is the process of spreading the payments to the employee out over the entire year, though the salary is only earned for part of the year.hen you pay employees, it helps to know what the cost is to you on an annualized, or yearly, basis. This figure is important for figuring your profits and for calculating your taxes. However, the terms annual and annualized have specific meanings in employment law, as do the terms earnings and salary..