FAA4.I Earned Income (EAIN EAIC) : 06 Budgeting Income - Overview : F Budgeting Contract Income - Overview : .02 Budgeting Contract Income - Received for a Specified Period
.02 Budgeting Contract Income - Received for a Specified Period
 
REVISION 48
(01/01/20 – 12/31/20)
Prorate contract income over the specified period it is intended to cover when all of the following apply:
 
The contract covers less than 12 months.
The contract income does not represent the participant’s annual income.
The contract is not the participant’s primary source of income.
The participant is not paid on an hourly or piecework basis.
 
Key the following on EAIC:
 
The OA or OF Earned Income Code in the INC TYPE field.
The MO Frequency Code in the FREQ field.
The number of months the contract is intended to cover in the NUMBER OF PERIODS field.
The gross income specified in the contract in the GROSS AMOUNT field.
 
 
Documentation must support the contract income budgeted.