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Nevada Division of Welfare and Supportive Services Energy Assistance Program Manual C. Bi-Weekly Income

Bi-weekly pay is paid on the same day every two (2) weeks. Determine if the amount varies each pay period in the month being considered or remains the same.

I. If the income remains the same, multiply one check by twenty-six (26) weeks to determine the annual income amount. II. If the income varies during the 30-day period, average the two checks and multiply by twenty-six (26) weeks to determine the annual income amount. Example: Check 1 pay stub $420

Check 2 pay stub $460

Total

$880 Divide $880 by 2; equals $440 (average bi-weekly pay). Multiply $440 x 26 pay periods; equals $11,440 annual income amount. D. Semi-Monthly Income Semi-monthly income is paid twice each calendar month. Determine if the amount varies each pay period in the month being considered or remains the same. I. If the income remains the same, multiply one check by twenty-four (24) weeks to determine the annual income amount. II. If the income varies during the 30-day period, average the two checks and multiply by twenty-four (24) weeks to determine the annual income amount. Example: Check 1 pay stub $420

Check 2 pay stub $460

Total

$880 Divide $880 by 2; equals $440 (average semi-monthly pay). Multiply $440 x 24 pay periods; equals $10,560 annual income amount.

E. Monthly Income

Income received one time a month is multiplied by twelve (12) to determine the annual income amount. F. Quarterly Income Income received quarterly (four times annually at regular intervals) is multiplied by four to determine the annual income amount.

If the income varies from quarter to quarter, e.g., interest income, use the most recent statement and multiply the income by four to determine annual income amount. Quarterly income is not averaged. MTL 01/24 June 25, 2024 - 4 - Section 800 – Budgeting