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determine the gross average income per pay date. The average gross income per pay date x 2 = total prospectively budgeted gross monthly income. • weekly - add the total gross income or hours worked for dates paid in the representative period and divide by the number of pay dates in the representative period to determine the gross average income per pay date. The average gross income per pay date x 4.3 (weekly) = total prospectively budgeted gross monthly income. • bi-weekly - add the total gross income or hours worked for dates paid in the representative period and divide by the number of pay dates in the representative period to determine the gross average income per pay date. The average gross income per pay date x 2.15 (bi- weekly) = total prospectively budgeted gross monthly income. 4. Rate/Unit/Frequency method is used when: a. paid monthly or semi-monthly (paid twice a month with set pay dates such as 5th and 20th); and, b. there is not a reliable income history to average; or, c. a significant income change is expected in the future (e.g., a promotion, part-time to full-time or vice versa, additional job duties, a raise in pay, a transfer, etc.). To prospectively budget income on rate/unit/frequency: a. determine rate of pay. b. determine the unit for rate of pay. c. determine how often the person is paid (frequency). d. determine the number of units per frequency using the table below. e. multiply the rate times the number of units in the frequency. This results in the anticipated amount of income per pay period. f. multiply the anticipated amount of pay per pay period by the number of pay dates expected in the benefit month to determine the total amount of income anticipated for the benefit month. *→ # days/week worked → 1 2 3 4
5 6 7 ↓ Average # of days per pay ↓ period (frequency) when pay is received:
Monthly – Use only when paid once each month
4
9
13
17
22
26
# of days in specific month Semi-monthly – Use only when paid twice each month on set dates within the month, such as the 1st and 16th, (but not if paid on
2
4.5
6.6
8.5
11
13
15