Gross Wages and Salaries
(01/01/21 - 12/31/21)
Wages and salaries received, prior to the following deductions, are countable:
Taxes and Federal Insurance Contributions Act (FICA)
NOTE Earned Income Tax Credits (EITC) that are included as part of the regular wages are not countable. Deduct the EITC from the gross wages prior to budgeting.
Wages withheld by the employer that have not been previously counted are countable when received or when expected to be received.
Wages withheld at the participant's request are countable in the month the wages normally would have been received.
Wages earned prior to termination, but received after termination, are countable when received or expected to be received. (See Terminated Income)
Wages paid in the form of cryptocurrency(g) are countable. Use the current market value(g) of the cryptocurrency, measured in U.S. dollars, as of the date it was received.
Key the wages on EAIC using the WA Earned Income Code.