.416 If the CWD determines that a household is eligible based on its monthly net income, the CWD may elect to offer the household an option to determine the benefit level by using either the same net income which was used to determine eligibility, or by prorating the household’s total net income over the period for which the household’s self-employment income was averaged to more closely approximate the time when the income was actually received. If income is prorated, the net income assigned in any month cannot exceed the maximum monthly income eligibility standards for the household size.
FOOD STAMP REGULATIONS (Continued) HANDBOOK BEGINS HERE (1) The following is an example of how the farming or fishing offset should be applied in determining the monthly net self-employment income to be used for both the gross and net income eligibility tests and benefit computations: Self-Employment Income Computation Gross Income $500 Expenses - 600 Total Monthly Nonexempt Income - 100 A. Gross Income Eligibility 1. Gross Salary $300 2. Self-Employment - 0 Total Gross Earned Income 300 Unearned Income (Cash Aid) 450 Total Gross Earned and Unearned Income 750 Net Income Eligibility Adjusted Gross Earned Income $240 (300 x .80) Cash Aid 450 Less Offset -100 Total Nonexempt Gross Income 590 HANDBOOK CONTINUES FOOD STAMP REGULATIONS Regulations ELIGIBILITY DETERMINATIONS 63-503 (Cont.) (Continued) HANDBOOK CONTINUES (2) Self-employment Income Computation When There Are Two Different Sources of Self-employment Income Job 1 Job 2 Gross Income $ 500 $ 400 Expenses 600 350 Profit/Loss -100 +50 (A) First, offset against self-employment income Job 1 $100 Job 2 -50 $ 50 Net loss from self-employment (B) Gross Income Eligibility $ 300 Gross salary + 0 Self-employment +450 Cash Aid $ 750 total earned and unearned income (C) Net Income Eligibility $ 240 Adjusted gross salary (300 x .80) + 450 Unearned income $ 690 Adjusted net income - 50 Self-employment loss $ 640 total nonexempt gross income HANDBOOK ENDS HERE Page 293.1 This page is intentionally left blank. FOOD STAMP REGULATIONS Regulations ELIGIBILITY DETERMINATIONS 63-503 (Cont.) (Continued)