Budgeting Contract Income - Received for a Specified Period
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 WA 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.