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Division/Section Family Support Chapter No./Name 4 – Economic Stability (ES) Part No./Name B – Eligibility Factors Section No./Name B-600-FITAP-SNAP Income Document No./Name B-640-FITAP Income Limits Effective Date January 1, 2023
3 of 3 LITE ROUNDING LOGIC
MULTIPLE PAYMENTS ENTERED ON WORKSHEET (WEEKLY/BIWEEKLY/SEMI- MONTHLY): LITE WILL ADD ALL PAY ENTERED, ROUND, DIVIDE BY NUMBER OF ENTRIES, ROUND, APPLY CONVERSION FACTOR, AND ROUND.
ONE PAYMENT ENTERED ON WORKSHEET (MONTHLY): LITE WILL CONSIDER THE SINGLE PAY SOURCE, APPLY THE CONVERSION FACTOR, AND ROUND.
ANTICIPATED INCOME BY AMOUNT/HOUR/FREQUENCY: LITE WILL START CALCULATIONS WITH THE AMOUNT PER HOUR, ROUND, MULTIPLE BY NUMBER OF HOURS PER FREQUENCY, ROUND, APPLY CONVERSION FACTOR, ROUND.
AVERAGE CALCULATION METHOD
IN THE AVERAGE CALCULATION METHOD SECTION SELECT: ANTICIPATED INCOME BY AMOUNT/HOUR/FREQUENCY OR WORKSHEET DETAILS ENTER COMMENTS IF NEEDED SELECT NEXT
LITE WILL CALCULATE THE MONTHLY EARNED INCOME AVERAGE BASED ON THE ROUNDING LOGIC.
REVIEW THE BUDGETED INCOME ON THE EARNED INCOME – AVERAGE SCREEN TO DETERMINE IF BUDGETING ERRORS WERE MADE. MAKE DATA ENTRY CORRECTIONS, IF NEEDED.
III. FORMS AND INSTRUCTIONS
There are no forms and instructions associated with this policy.
IV. REFERENCES
LAC 67:III.1229