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UPDATED: JANUARY 2012

117

INCOME EARNED

SELF-EMPLOYMENT OR SMALL BUSINESS INCOME

Inasmuch as, the DOH-4469 reflects a three-month financial snapshot of a business, it is appropriate to allow a loss in one month to offset a profit in another month. When using an annualized business record such as a tax return a business loss is brought to zero, and cannot be used to reduce income from another source.

A/Rs are not required to supply actual bills and receipts to substantiate the income and expenses recorded on the Financial Status form (DOH-4469). The applicant’s certification on the bottom of the form, that the information is true and correct, is sufficient.

Documentation: Sufficient to establish an audit trail.

Disposition: When the gross business income is determined and the business expenses are determined and deducted, the resulting amount is earned income.

NOTE: The A/R’s income is evaluated against the maintenance picture of the A/R. (See OTHER ELIGIBILITY REQUIREMENTS FINANCIAL MAINTENANCE)

(MRG)