FAA6.N Examples : 25 Earned Income (EAIN/EAIC) Examples : BB Bonus or Incentive Income Example 2
Bonus or Incentive Income Example 2
Jill works for Walmart. She received a quarterly bonus of $200 for the last two quarters.
A collateral contact was made to Walmart who verified that Jill received a bonus for the last two quarters; however, they could not anticipate if Jill would receive a bonus in the future.
After exploring further with the participant, Jill verified that she received the bonus in the last two quarters. With the information provided, it is reasonable to expect that she will receive the bonus in the future.
In this scenario, the prudent person concept should be used and the bonus income should be budgeted as ongoing income.