Z Budgeting Less Than 30 Days of Income Example

FAA6.N Examples : 25 Earned Income (EAIN/EAIC) Examples : Z Budgeting Less Than 30 Days of Income Example

Budgeting Less Than 30 Days of Income Example

The participant applies and is interviewed on 01/29. The participant has started a new job and has received and provided the first two paystubs:

Date Paid	Hours	Gross Amount
01/15	20	240
01/22	40	480

The worker completed a collateral contact to the employer during the interview. The following was documented:

●The employer stated that the participant is expected to work 40 hours at an hourly rate of $12.00 paid weekly on Friday.

●The employer stated that the paystub for 01/15 is low because the participant started working in the middle of a pay period.

●The 01/22 paystub for 40 hours at $480 gross is normal and is expected to continue.

●The worker practiced prudent person concept and asked about the paystub for 01/29. The employer verified that the paystub for 01/29 has been disbursed for the gross amount of $480, which is normal.

All checks received in the application month must be budgeted in the month of application. Key the following on EAIC for the initial month of January:

INC TYPE: WA		FREQ: AC		NUMBER OF PERIODS:
PERIOD	DATE PAID		HOURS	HR. RATE	GROSS AMOUNT
01	01/15		20		240
02	01/22		40		480
03	01/29		40		480

For February and ongoing months, drop the low check and leave the following keyed on EAIC:

INC TYPE: WA		FREQ: WK		NUMBER OF PERIODS:
PERIOD	DATE PAID		HOURS	HR. RATE	GROSS AMOUNT
01
02	01/22		40		480
03	01/29		40		480