Page 48

Child Care Scholarship Policy Manual 48

Self-Employment (Non-Farm) Adjusted gross income or net income earned in self-employment in one’s own business, professional enterprise or partnership. A schedule C is the only acceptable verification of income for self-employment employed for over a year. If the applicant is newly self-employed (less than a year) and tax information is not available, the applicant may complete the Newly Self-Employment Form (DSS Form 1010) and submit to be considered for eligibility purposes. NOTE: Reference Verification of Self-Employment.

Farm Self Employment Gross receipts minus expenses from the operation of a farm by a person on their own account as an owner, renter, or sharecropper. If the applicant is newly self-employed and tax information is not available, the applicant may complete the Newly Self-Employment Form (DSS Form 1010) and submit to be considered for eligibility purposes. Farm income is usually available only at the end of the crop year but may be prorated over the next 12 months.

Dividends from Stocks and/or Bonds Benefits received by a person who holds shares of stock (interest in a company) or bonds (interest bearing certificates), or benefits received from profits of an insurance company with whom they have a policy, or as a result of their membership in an association which shares its profits with its members. The amount received may be documented by placing a copy of the individual’s dividend statement in the record. Interest on Savings or Bonds Benefits accrued as a result of a savings account or bonds. This includes all such income whether paid directly or reinvested in the savings account or bonds. Income from Estate or Trusts Periodic receipts from estates or trust funds. This may be verified through