FAASTA.E State Assistance Authorization (STAA) : 07 State Assistance Budgeting Income - Overview : C State Assistance Budgeting Income - Converting Income
State Assistance Budgeting Income - Converting Income
Convert GROSS income to a monthly amount when income is received other than monthly and a full month's income is expected.
 
Use the appropriate method from the following to convert income to a monthly amount based on the frequency of receipt:
 
 
EXCEPTION
The following income is not converted when determining eligibility:
●Income received daily.
●Income received from a new or terminated source when the income is less than a full month.
●Child support income when the frequency is other than weekly or bi-weekly.
Key the actual income received according to the specified policy.