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The Projecting Monthly Income method is used when earned or unearned income is expected monthly on a regular frequency and the amount, even if fluctuating, can be reasonably estimated.
The hours and earnings from the verification provided are to be averaged and used to anticipate the monthly income. When overtime is included in the verification provided, and the parent anticipates it to continue, the overtime must also be included in the calculation.
Employment with regular pay periods is not considered irregular, including employment considered seasonal or temporary.
2. Averaging Irregular Income The Averaging Irregular Income method is used when earned income is received in unpredictable amounts, on unpredictable dates or infrequently and typically not in consecutive months.
Employment lasting only a “season” for the type of work conducted and paid at the end of the season or irregularly throughout the season is averaged by the number of months in the period worked.
4080-2 D. FREQUENCY OF EARNED INCOME RECEIVED A family’s monthly income is estimated based on the frequency of when payments are received. This includes both earned and unearned income.
1. Monthly Income This is income received one (1) time per month, unless this is new employment, and the verification is less than a full month. See section 4080-3 C. 1. b. Not a Full Month’s Income.
2. Twice-Monthly Income This is income received in two (2) monthly payments, typically on the same dates each month, such as the fifth (5th) and twentieth (20th). Twice-monthly is often confused with bi-weekly income, but they can be different. Always look at the pay dates, days of the week, etc. a. Paystub are Received: When paystubs are received, use the average method option in the ICCIS budget screen during income calculation. Enter paystubs that are