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as unearned income. The amount actually paid as reflected on the employee’s pay stub or verified by the employer is used. If the amount actually paid is not available the valued amount based on the Housing and Urban Development (HUD) Fair Market Rate for a similar size rental in the geographic area is counted.

The most current HUD Fair Market Rate can be accessed at: http://www.huduser.org/portal/datasets/fmr.html b. Employer Subsidized Housing For active military members or individuals whose employer provides a set amount to be used for housing, the amount received for housing is considered unearned income. See section 4080-3 A. 5. Acceptable Verification of Employer Provided Housing.

5. Rental Income Rental income received is considered unearned income when the owner of the real or personal property does not perform the managerial responsibilities for the rental property. The countable net rental unearned income is the amount of rent paid by the renter in excess of the loan payment amount less any property management fees incurred.

Income received from the lease of a limited entry fishing permit is considered unearned rental income.

Rental income is considered self-employment income when the owner of the real or personal property performs the managerial responsibilities. When rental income is treated as self-employment income, the owner must have a State of Alaska business license, and allowable costs of doing business are deducted from the gross rent receipts to determine the adjusted gross self-employment income.

6. Other Sources of Unearned Income Other sources of unearned income include, but are not limited to, the following: a. Recurring cash support payments from any other person who does not live in the household, unless specifically excluded(i.e. loans); b. Alimony payments; c. Adoption subsidies; d. Foster care payments;