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Department
of Human Services Families
First Online Policy Manual Treatment of Income |
Revised: |
21.6 |
CONVERTING INCOME TO MONTHLY AMOUNTS |
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Since need determination and level of
benefit calculation are made on a monthly basis, income and expenses
available to an AU must be stated in monthly amounts. The following methods will be used to
convert income to monthly amounts for purposes of determining prospective
eligibility on active cases and benefit amounts: ·
Hourly or Piece Work Wages: Estimate the amount of income to be
expected as the result of a week’s work based on hours/days produced. Use the weekly earnings to determine the
monthly income. ·
Weekly Income: Multiply weekly income by 4.3 to determine
monthly income. ·
Bi-Weekly Income: Multiply amount received each two weeks by
2.15 to determine monthly income. ·
Semi-Monthly Income: Add the two amounts received to determine
monthly income. ·
Monthly Income: When a wage earner is employed and paid on
a regular monthly basis, accept his/her verified monthly/salary as monthly
income. ·
Annual Income: Divide annual income by 12 to determine
monthly income. |
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