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SECTION 1200 INCOME VERIFICATION

LIHEAP MANUAL JANUARY 2022 64

1200.6 CALCULATION OF INCOME

Convert income to gross monthly income by using the following:

Frequency Conversion Weekly Multiply by 4.3333 Bi-weekly Multiply by 2.1666 Semi-monthly Multiply by 2 Quarterly Divide by 12 weeks to determine weekly average, multiply by 4.3333 Semi-Annually Divide by 6 Unemployment Income Multiply by 14 weeks, then divide by 12 Irregular Determine 12-month total, then divide by 12 Self-Employment Tax Statements, Deduct the cost of doing business, then divide by 12 -