DIVIDENDS (INCOME) (FSM) |
Previous Policy |
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Dividends, interest, and royalties paid directly to an individual See also Benefits.
Average the amount the individual receives to arrive at a monthly income.
Treatment: Unearned Income
Exception: When dividends and interest are automatically reinvested in their source, they are not considered income, but part of the resource from which they originated. See Chapter 400, Resources.
Examples
Dividends are automatically reinvested to purchase additional stock, so are considered a part of the stock resource.
Interest is automatically added to a cash account. It is considered a part of the account resource to which it was added.
Treatment: Resource. See Chapter 400, Resources.