Page 637

West Virginia Income Maintenance Manual Chapter 4

West Virginia Income Maintenance Manual Page 165 Chapter 4 Income

o Insurance (not including health insurance) o Interest (mortgage and from other loans) o Legal and professional services o Office expenses o Pension and profit-sharing plans o Rent or lease (includes vehicles, machinery, equipment, and other business property) o Repairs and maintenance o Supplies o Taxes and licenses o Travel, meals, and entertainment o Utilities o Wages o Any other business-related expenses • Subtract the business’ expenses from its income to arrive at the self-employment income profit or loss for the individual. 4.7.5.B Annual Contract Employment This section applies to any person employed under a yearly contract, such as school employees, including bus drivers, cooks, janitors, aides, and professional staff. These individuals have their annual income prorated over a 12-month period. Additional earnings, such as for summer work, are added to the prorated amount during the time additional earnings are received. Although a person may not have signed a new annual contract, he is still considered employed under an annual contract when the contract is automatically renewable, or when he has implied renewal rights. Implied renewal rights are most commonly associated with school contracts. This item does not apply during strike and disaster situations when the other party to the contract cannot fulfill it, or when labor disputes interrupt the flow of earnings specified in the contract.

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Page 637

Official source

West Virginia Income Maintenance Manual Chapter 4

West Virginia Income Maintenance Manual Page 165 Chapter 4 Income

o Insurance (not including health insurance) o Interest (mortgage and from other loans) o Legal and professional services o Office expenses o Pension and profit-sharing plans o Rent or lease (includes vehicles, machinery, equipment, and other business property) o Repairs and maintenance o Supplies o Taxes and licenses o Travel, meals, and entertainment o Utilities o Wages o Any other business-related expenses • Subtract the business’ expenses from its income to arrive at the self-employment income profit or loss for the individual. 4.7.5.B Annual Contract Employment This section applies to any person employed under a yearly contract, such as school employees, including bus drivers, cooks, janitors, aides, and professional staff. These individuals have their annual income prorated over a 12-month period. Additional earnings, such as for summer work, are added to the prorated amount during the time additional earnings are received. Although a person may not have signed a new annual contract, he is still considered employed under an annual contract when the contract is automatically renewable, or when he has implied renewal rights. Implied renewal rights are most commonly associated with school contracts. This item does not apply during strike and disaster situations when the other party to the contract cannot fulfill it, or when labor disputes interrupt the flow of earnings specified in the contract.