Ill. Admin. Code tit. 89 § 120.364

Current through Register Vol. 48, No. 44, November 1, 2024

Section 120.364 - Earned Income Exemption

a) For MANG(C), the first $30.00 of the combined net earned income of each employed person excluding the earned income of a dependent child (see Sections 120.360 and 120.362 ) plus one-third of the remainder shall be exempt from consideration. The net income is gross income after the deduction of appropriate business expenses and/or employment expense.

b) After the amount of the earned income exemption is determined, the cents are dropped before the earned income exemption is deducted from the gross unearned income minus the income disregard.

Ill. Admin. Code tit. 89, § 120.364

Amended at 20 Ill. Reg. 15993, effective December 9, 1996