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CODE OF COLORADO REGULATIONS 8 CCR 1403-1 Colorado Child Care Assistance Program

23 1. Gross earnings, salary, armed forces pay (including but not limited to basic pay, basic assistance for housing (BAH) and basic assistance for subsistence (BAS), hazard duty pay, and separation pay), commissions, tips, and cash bonuses are counted before deductions are made for taxes, bonds, pensions, union dues and similar deductions. If child care is provided for an employment activity, then gross wages divided by the number of hours worked shall equal at least the current federal minimum wage. 2. Taxable gross income (declared gross income minus verified business expenses from one’s own business, professional enterprise, or partnership) from non-farm self employment. a. These verified business expenses include, but are not limited to: 1) The rent of business premises; 2) Wholesale cost of merchandise; 3) Utilities; 4) Taxes; 5) Mileage expense for business purposes only; 6) Labor; and 7) Upkeep of necessary equipment. b. The following are not allowed as business expenses from self-employment: 1) Depreciation of equipment; 2) The cost of and payment on the principal of loans for capital asset or durable goods; and 3) Personal expenses such as personal income tax payments, lunches, and transportation to and from work. c. If child care is provided for a self-employment activity, then taxable gross wages divided by the number of hours worked shall equal at least the current federal minimum wage. To determine a valid monthly income taxable gross income may be averaged for a period of up to twelve (12) months. 3. Taxable gross income (gross receipts minus operating expenses from the operation of a farm by a person on his own account, as an owner, renter or tenant farming) from farm self-employment. a. Gross receipts include, but are not limited to: 1) The value of all products sold; 2) Government crop loans; 3) Money received from the rental of farm equipment and/or farm land to others; and