23 Miss. Code. R. 104-2.3

Current through December 10, 2024

Rule 23-104-2.3 - Types of Income

A. Income is either earned or unearned.

B. Different rules apply to each type of income.

C. Some examples of the types of income are listed below:

1. Earned income consists of the following types of payments:

a) Wages;

b) Net earnings from self-employment (NESE);

c) Payments for services performed in a sheltered workshop or work activities center;

d) Royalties earned by an individual in connection with any publication of his work and any honoraria received for services rendered.

2. Unearned income consists of the following types of payments:

a) Annuities, pensions, and other periodic payments;

b) Alimony and support payments;

c) Dividends, Interest and royalties (except for royalties mentioned above);

d) Rents;

e) Benefits received as the result of another's death to the extent that the total amount exceeds expenses of the deceased last illness and burial paid by the beneficiary;

f) Prizes and awards;

g) In-kind support and maintenance.

23 Miss. Code. R. 104-2.3

Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).