FAA4.I Earned Income (EAIN EAIC) : 06 Budgeting Earned Income - Overview : A Projecting Income - Overview : .02 Projecting Income – Zero-Pay Periods
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.