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2) An organization is the Federal Government, a single state or local government, a business or corporation, a charitable agency, or a similar entity which provides the a/b or financially responsible person with income.

3) An investment is a single financial account, life insurance policy, rental property, or any resource providing a return to its owner. Two separate accounts, even if with a single financial institution, are two different investments.

b. When income (except child support payments) of the a/b or a financially responsible person meets the definition of Infrequent or Irregular, an exclusion can be applied. Apply the exclusion to the first income that was received that meets the definition of infrequent or irregular. The exclusion is $30.00 for earned income, and $60.00 for unearned income. Only one exclusion for each, earned and unearned, may be applied per budget unit. Subtract the exclusion before adding the infrequent/irregular income to any other income.

C. $20 Per Month General Income Exclusion

The General Income Deduction does not apply to STEP II LTC Budgeting.

1. Deduct the first $20 per month of any unearned income except for VA pension.

2. If there is not enough unearned income to use all the $20, deduct any remainder of the $20 from earned income.

3. Allow only one $20 deduction per case when both spouses are applicants/beneficiaries or income is deemed.

D. Student Earned Income Exclusion

The earned income exclusion for a student applies to each a/b, and/or financially responsible person who regularly attends school, college, university, or a course of vocational or technical training to prepare the student for gainful employment. This exclusion helps finance and encourages school attendance. Some uncommon examples which may qualify for this exclusion are individuals participating in National Civilian Community Corps under AmeriCorps and Job Corps under the Workforce Investment Act.