.02 Projecting Income – Zero-Pay Periods
 
(10/01/13 – 12/31/13)
When there is a zero-pay period(g) received during the past 30 days or longer and it is expected to continue, include the zero pay period to average the monthly gross income. (See Example Zero-Pay 1).
 
When a zero-pay period occurs and is expected to continue, complete the following on the appropriate income screen to project the income:
 
Key the appropriate frequency code.
Key the number of pay periods from the income period used.
Key the date the income is received for each pay period.
Key the gross income(g) received in each pay period.
 
WARNING
Do not key the pay date and gross income information for the zero-pay periods. AZTECS does not accept an amount keyed as zero. When zero is keyed and ENTER is pressed, an edit message displays.
 
When there is a zero-pay period(g) received during the past 30 days or longer and it is not expected to continue, include the zero-pay only when received in the month of application. Remove the zero-pay for the ongoing months. (See Example Zero-Pay 2).
 
Documentation must support the income budgeted.