002.04(A) ANNUALIZING SELF-EMPLOYMENT INCOME.

Annualizing income is averaging income over a 12-month period. Self-employment income is annualized even if the household receives additional income from sources other than self-employment. Self-employment income which is intended to meet the household’s needs for only part of the year will be averaged over the period of time it is intended to cover. Self-employment income which represents a household's annual income will be annualized when: (1) The income is received within a short period of time during the 12 months; or (2) The income is received on a monthly basis but represents a household’s annual support.