FAA6.N Examples : 26 Earned Income (EAIN/EAIC) Examples : T New Source of Income Example
T New Source of Income Example
 
Jim applied and was interviewed on 03/17. Jim reported starting a new job and the scheduled pay dates are bi-weekly on Fridays. Jim provided verification that the first check will be received on 03/24 for $106.25 (21.6 hours) and regular ongoing wages will be $212.50 (43.2 hours).
 
For MARCH, key the following on EAIC:
 
INC TYPE: WA
FREQ: AC
NUMBER OF PERIODS:
PERIOD
DATE PAID
HOURS
HR. RATE
GROSS AMOUNT
01
03/24
21.60
 
106.25
DOC: Jim began work at hula Sam’s on 03/10. His 1st pay is for $106.25. He expects to be paid again on 04/07. CC verified on 03/17.
 
For APRIL and ongoing months, key the following on EAIC:
 
INC TYPE: WA
FREQ: BW
NUMBER OF PERIODS:
PERIOD
DATE PAID
HOURS
HR. RATE
GROSS AMOUNT
01
03/24
21.60
 
106.25
DOC: CC with Hula on 3/17. He expects that Jim will be working 21.6 hours per week.