609.01 Averaging Fluctuating Income (FAM)

SR 02-17 Dated 07/02

Previous Policy

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Use the income from the most recent consecutive 4-week period to obtain an average monthly amount.

Exceptions:

• If fluctuating income has been received for less than 4 weeks and income received during that period reflects anticipated future income, use the actual number of weeks the income was received to determine the average monthly amount.

• If fluctuating income received in the most recent consecutive 4-week period does not reflect anticipated future income due to reasons such as overtime, bonuses or reduced hours, do not use the income received in any atypical week(s) to determine the average monthly amount.

• If it is not possible to obtain an accurate average based on the most recent consecutive 4-week period:

- Use up to 8 weeks income received in the most recent consecutive 8-week period; and

- Omit income received in any atypical week(s) when determining the average monthly amount.

If the individual is self-employed, use a one-year period to determine the average monthly amount. However, if the individual receives self-employment income over a shorter period of time, use that period to determine a monthly average.