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.
Annualization simply refers to the time frame (annual) over which contributions. to benefit plans are divided to calculate an hourly credit toward the amount an. employer is required to pay according to the prevailing wage schedule. Total. annual contributions per employee are divided by the total annual hours.