G SEEI Less Than a Year Example
 
Dan applies and is interviewed on February 7. Dan began selling blood plasma on November 20 and meets the self-employment definition. Dan reports and verifies he received the following income:
 
Month
Income
November
$90
December
$145
January
$175
February
$70
Total
$320
Average
÷2 $160
 
November is the initial month of income and is a partial month. November’s income is excluded from the average. February is the current month and is a partial month. February’s income is excluded from the average. Dan’s average monthly income is $160. Dan expects the average monthly income of $160 to continue. Budget the average amount as the monthly income.