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income and prorated according to 4060-7 F. 4. Prorating Self- Employment Income.

The monthly or prorated monthly adjusted gross income is then compared to the monthly amount estimated the individual would make when converted to an hourly rate, based on the number of hours worked at the self-employment enterprise, or full-time work based on a forty (40) hour work week at the current minimum wage. The conversion factor of four point three (4.3) must be used to determine the family’s monthly income based on the minimum wage.

If the individual’s estimated average monthly adjusted gross income is more than the estimated monthly amount calculated at the current minimum wage, the family is considered to be in an eligible activity for the time engaged in the self-employment enterprise.

3. Application Received After Current Self-Employment Period When the self-employment enterprise has existed for a year or more and the family’s application is received after the currentself- employment period their current year’s actual income is to be used in determining their financial eligibility.

A monthly adjusted gross income is estimated using the income and expense records submitted and any estimated changes to the income based on the individual’s statement, by: a. Adding the gross income listed for each month together; b. Adding the total allowable business costs for each month together; c. Subtracting the total business costs from the totalgross income; and d. Dividing that amount by the number of months the information was provided for.

If the income is received less than monthly, the estimated annual allowable business costs are subtracted from the estimated gross income and prorated according to 4080-2 J. 4. Prorating Self- Employment Income. For Example: Applying after the current self-employment period: A parent applies in October. During the interview, they report that they are self-employed as a backcountry guide each year from May- September. This family is applying after the current self- employment period because they are applying in the same