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be made with the employer to verify the anticipated hours to be worked. In a month where there is a change of employment, the amount the parent received from both employers is used for that month’s (month received in) income when the change occurred during the month of application. Only the income from the current or new employer is used going forward.
7. Not a Full Month’s Income Due to Employment Change When an individual begins, changes, or ends employment during the month of application resulting in the income verification provided being less than a full month it must be determined when the change occurred. Income from each employer must be calculated separately and added together for the monthly amount for this month.
Income verification from a former employer received in the month of application is used and apply the monthly conversion factor.
Income verification from the current or new employer is used to determine the amount of earnings expected to be received during the month of application. The number of hours to be worked are multiplied by the hourly rate of pay and multiplied by the monthly conversion factor.
A new budget is created for the following month for future earnings to be calculated by taking the expected hourly wage multiplied by the anticipated hours to be worked in the pay period multiplied by the applicable conversion factor.
8. Only One Paystub or Employment Statement ProvidedNo Change of Employment If only one paystub or an Employment Statement CC36 is provided as verification, the number of hours worked or to be worked in the pay period are multiplied by the hourly rate of pay and multiplied by the conversion factor applicable to their pay frequency.
4080-2 H. SELF-EMPLOYMENT INCOME Self-employment is the process of actively earning income directly from one’s own business, trade, or profession for which a State of Alaska business license has been obtained, and for the purpose of generating income, may have expenses and pay their own taxes. Exact instructions fitting every situation are impossible to provide.