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Department of Human Services Food Stamp Online Policy
Manual Definition of Income Unearned Income |
Revised: |
20.9 |
INTEREST PAYMENTS, DIVIDENDS, AND ROYALTIES INCOME |
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1240-1-4-.14(2)(e) |
These payments and all other such direct money payments, which can be construed to be a gain or benefit, are considered unearned income. Convert such payments to monthly amounts if received on a weekly, bi-weekly or semi-monthly basis. Note: Interest income would only be counted if in excess of $60 quarterly. If less it would be exempt. Consider these payments as currently available regular income. If such payments are received quarterly, prorate them over three months; semi-annually, prorate over six months; annually, prorate over twelve months. |
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