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INCOME TYPE DESCRIPTION

Division of Welfare and Supportive Services E-30035 Medical Assistance Manual TYPES OF EARNED AND UNEARNED INCOME 16 Nov 01 MTL 05/16 ROYALTIES

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable

Income from copyrights on literary, musical, or artistic works, and similar property, or from patents on inventions, paid for the right to use the work over a specified period of time. Usually based on the number of units sold, such as the number of books, tickets, or machines sold.

Income from oil, gas, and mineral properties received when natural resources are extracted from an individual’s leased property. Based on units, such as barrels, tons, etc., and paid by the leasee.

Verification: (not all inclusive)

- Copy of check - Documents from source of payment

SELF-EMPLOYMENT WAGES - Wages - Business income

1. Earned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable Gross income from self-employment less expenses is self-employment wages.

Gross business income less all business operating costs is gross wages from self-employment.

The client is responsible for keeping all necessary records.

Verification: (not all inclusive)

- Copy of ledger sheets receipts and/or income tax records SENIOR COMPANION PROGRAM

1. Unearned

2. Excluded in Financial

3. Excluded in Patient Liability

4. Non-Taxable Stipends received for services rendered. (See also Action Programs)

Verification (not all inclusive)

- Copy of check - Documents from source of payment