Edenborn, in 1909, named the town Sorrento after Sorrento, Italy where it is claimed he took his young bride for their honeymoon. The first postmaster of the town of Sorrento was Willie Everrett, followed by Joe Gravois in 1915 and Sidney Chauvin in 1925.
Annualization of Income: In order to annualize a taxpayer's income, you may use the income realized by the decedent, divided by the number of days or months the taxpayer lived and multiplied by 365 days or 12 months.
What is 'Annualize'. To annualize is to convert a rate of any length into a rate that reflects the rate on an annual, or yearly, basis. This is most often done on rates of less than one year, and it usually does not take into account the effects of compounding.