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calendar year in which the seasonal self-employment activity has already taken place for that year. The current year's actual income would be required.
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 during the time the income was earned, 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.
4. Prorating Self-Employment Income When self-employment income is received less often than monthly, the individual’s income and business expenses are calculated prospectively on a calendar-year basis. The annual anticipated total of allowable business costs is subtracted from the anticipated annual gross income resulting in the yearly adjusted gross income. The yearly gross income is proratedover:
a. Twelve (12) months when the yearly adjusted gross income exceeds one hundred and eighty-five percent (185%) of the federal poverty guidelines for the family size;or
b. The months of the normal season of work, or the months the individual is reasonably expected to work over a twelve (12) month period, if the yearly adjusted gross self-employment income is equal to or less than one hundred and eighty-five percent (185%) of the federal poverty guidelines for thefamily size, and the self-employment income is available to the individual during the period of self-employment; or
c. The number of months equal to the number of months of self- employment if the yearly adjusted gross self-employment income is equal to or less than one hundred and eighty-five percent (185%) of the federal poverty guidelines for thefamily size, and the self-employment income is not available to the individual during the period of self-employment; thisproration