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on Friday. Income from the prior four weeks is verified. The worker will enter the four October 2011 pay checks on the EAIE screen. MAVERICS will automatically calculate an average monthly earned income amount according to the pay frequency code. If the amount calculated for December can be reasonably anticipated for the remainder of the new review period, no further income changes would be made to EAIE regardless of the number of pay periods per month. MAVERICS will process earned and unearned income in the same manner. The following income frequency codes will determine how the income is calculated for the budget month. W- Weekly MAVERICS will add up the total amount for the pay periods entered and divide the total amount by the number of weeks. Take the weekly average amount and multiply by 4.33 to get the average monthly amount (when the pay frequency code is 'W', one to five weekly amounts may be entered). B- Biweekly MAVERICS will add up the total amount for the pay periods entered and divide the total by the number of pay periods to get a biweekly average. Take the bi-weekly average amount and multiply by 2.15 to get the monthly amount (when the pay frequency code is 'B', only one to three bi-weekly amounts may be entered). M- Monthly Only one amount may be entered. The amount entered will be calculated as the total monthly income (when the pay frequency code is 'M', only one amount may be entered).

S- Semi-monthly Only one or two semi-monthly amounts may be entered when the pay frequency code is 'S'. When two semi-monthly amounts are

Volume III | Chapter 6

entered, MAVERICS will add the two amounts together to get the total monthly amount. When only one semi-monthly amount is entered, MAVERICS will multiply the amount by two to get a total monthly amount. A- Actual MAVERICS will add up the total amount of income entered to get an actual monthly amount. (When the pay frequency code is >A', one to five weekly amounts may be entered). (NOTE: The worker must follow the TANF policy when applying actual income for a month for which the income is normally incurred on a weekly, biweekly or semi-monthly basis). For example, actual income would be used for the month of application when the household reports receipt of income in the month of application that will be non-continuing. If income cannot be reasonably anticipated in the review period, it should not be used. The calculation of self-employment and contractual income will be averaged based on the tax information for self-employment and the contract for contractual income. Variable Basis of Issuance: MISSISSIPPI [ BUDGETARY PROCESS: GENERAL PRINCIPLES]

Revised 07 - 01 - 06