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.
Annualized income is usually calculated with less than one year's worth of data, so it is only an estimate of how much income will actually be earned for the year. An estimate of the amount of money that an individual, business or asset will earn over the course of a year. Annualized income is usually calculated with less than one year's worth of data, so it is only an estimate of how much income will actually be earned for the year.