FAA6.N Examples : 26 Earned Income (EAIN/EAIC) Examples : P Anticipating Earned Income Example
P Anticipating Earned Income Example
 
Tammy applies and is interviewed on 08/20.
 
Tammy reports starting a new job 7/31 and the scheduled pay dates are weekly on Fridays.
 
Tammy provides verification of the following pay:
 
Date Paid
Hours
Gross Pay
08/09
24
$264
08/16
40
$640
 
Tammy states the paychecks she has received do not reflect her expected income. Her first check was not a full week and her second check included a $200 sign-on bonus.
 
Tammy expects her normal checks to be for 40 hours per week at $11 per hour. Collateral contact with the employer confirmed that Tammy is expected to work 40 hours per week at $11 per hour. Anticipate Tammy’s future checks based on the verified circumstances.
 
For August, key the following on EAIC:
 
INC TYPE: WA
FREQ: AC
NUMBER OF PERIODS:
PERIOD
DATE PAID
HOURS
HR. RATE
GROSS AMOUNT
01
08/09
24
 
264.00
02
08/16
40
 
640.00
03
08/23
40
 
440.00
04
08/30
40
 
440.00
 
Remove the income that is not expected to continue and key the following for ongoing months:
 
INC TYPE: WA
FREQ: WK
NUMBER OF PERIODS:
PERIOD
DATE PAID
HOURS
HR. RATE
GROSS AMOUNT
01
09/06
40
 
440.00