FAA6.N Examples : 25 Earned Income (EAIN/EAIC) Examples : I Semi-Monthly Income Example 1
I Semi-Monthly Income Example 1
 
Arta applied for benefits on May 15th. Her employment is ongoing, and she is paid semi-monthly on the 15th and 30th of each month.
 
Arta was interviewed on May 18th and provided the following paystubs:
 
 
Date Paid
Hours
Gross Amount
04/30
82
$533
05/15
82
$533
 
Key the following on EAIC:
 
INC TYPE: WA
FREQ: SM
NUMBER OF PERIODS
PERIOD
DATE PAID
HOURS
HR.
RATE
GROSS AMOUNT
01
043000
82
 
533.00
02
051500
82
 
533.00
 
Press ENTER. AZTECS averages and converts to a monthly amount.
 
Arta's projected income for May and ongoing is $1066.