Section 16.03.05.306 - CRITERIA FOR PROJECTING MONTHLY INCOMEMonthly income is projected as described below.
01.Converting Income to a Monthly Amount. If a full month's income is expected, but is received on other than a monthly basis, the Department will convert the income to a monthly amount using one (1) of the formulas in the table below. TABLE 306.01 MONTHLY CONVERSION OF INCOME |
Conversion | Procedure |
a. Weekly to Monthly | Multiply weekly amounts by 4.3. |
b. Biweekly to Monthly | Multiplying bi-weekly amounts by 2.15. |
c. Semimonthly to Monthly | Multiplying semi-monthly amounts by 2. |
d. Exact Amount | Use the exact monthly income if it is expected for each month. |
02.Income Already Received. The Department will count income already received during the month and will convert the actual income to a monthly amount if a full month's income has been received or is expected to be received as described below.a. If the actual amount of income from any pay period a month is known, the Department will use the actual pay period amounts to determine the total month's income and will convert the actual income to a monthly amount if a full month's income has been received or is expected.b. If no pay changes are expected, the Department will use the known actual pay period amounts for the past thirty (30) days to project future income and will convert the actual income to a monthly amount if a full month's income has been received or is expected.03.Expected Income. The Department will count income that the participant and the Department believe the participant will get. The Department will convert expected income to a monthly amount as described below. a. If the exact income amount is uncertain or unknown, the uncertain or unknown portion must not be counted. The certain or known amount is counted.b. If the income has not changed and no changes are expected, past income can be used to project future income.c. If income changes, and income received in the past thirty (30) days does not reflect expected income, income received over a longer period is used to project future income.d. If income changes seasonally, income from the last comparable season is used to project future income.04.Ongoing Income. Comes from an ongoing source. It was received in the past and is expected to be received in the future. The Department will convert ongoing income to a monthly amount as described below. a. If a full month's income is not expected from an ongoing source, the Department will count the amount of income expected for the month. If actual income is known, the Department will use actual income. If actual income is unknown, the Department will project expected income and will convert income to a monthly amount. The Department will use zero (0) income for any pay period in which income was not received that month.b. If a full month's income from a new source is not expected, the Department will count the actual income expected for the month. The Department will not convert the income to a monthly amount.c. If income stops and no additional income is expected from the terminated source, the Department will count the actual income received during the month. The Department will not convert the terminated source of income.d. If a full month's income is not expected from a new or terminated source, the Department will count the income expected for the month. If the actual income is known, the Department will use the known income. If the actual income is unknown, the Department will project the income and will not convert the income to a monthly amount if a full month's income from a new or terminated source is not expected.05.Income Paid on Salary. Income paid on salary, rather than an hourly wage, is counted at the expected monthly salary rate.06.Income Paid at Hourly Rate. The Department will compute expected income paid on an hourly basis by multiplying the hourly pay by the expected number of hours the participant will work in the pay period. The Department will convert the pay period amount to a monthly basis.07.Monthly Income Varies. When monthly income varies each pay period and the rate of pay remains the same, the Department will average the income from the past thirty (30) days to determine the average pay period amount and will convert the average pay period amount to a monthly amount. When income changes and income from the past thirty (30) days is not a valid indicator of future income, a longer period of income history is used to project income.08.Income Received Less Often Than Monthly. Recurring income, such as quarterly payments or annual income, is counted in the month received, even if the payment is for multiple months. The income is not prorated or converted. If the amount is known, the Department will use the actual. If the amount is unknown, the Department will use the best information available to project income.Idaho Admin. Code r. 16.03.05.306