3.2.5  Fluctuating Income

If the amount of regularly-received income varies, the W-2 agency must use an average.  Income that is received on an irregular basis must also be averaged over the period between payments.  If neither the amount nor the frequency is consistent or predictable, the income may only be counted for the month in which it is received.

 

EXAMPLE:  Bob applied for W-2 services and reports that he works for a local garage between 5 and 20 hours per month.  In January, he received a paycheck for $169, in February he received $200, and in March he received $80.  To create an average income amount, add together the three months of income (169 + 200 + 80 = 449), then divide the total income by the number of months (449/3 = $149.66).  Compare the averaged income amount of $149.66 plus other sources of income against the 115 percent gross income test to determine financial eligibility.

 

 

History: There are no previous versions of this policy.