Certification of households.

CFR · 2024-01-01 · US · Title 7

(a) (2) (3) (4) (5) (6) (i) (B) (C) (D) (ii) (iii) (iv) (v) (7) (8) (9) (10) (i) (ii) (b) (ii) Income anticipated during the certification period shall be counted as income only in the month it is expected to be received, unless the income is averaged. (iii)(A) Self-employment income which represents a household's annual support including the net profit from the sale of any capital goods or equipment related to the business shall be annualized over a 12-month period, even if the income is received in only a short period of time. For example, self-employment income received by farmers shall be averaged over a 12-month period if the income represents the farmer's annual support. (B) Self-employment income which represents only a part of a household's annual support, including the net profit from the sale of any capital goods or equipment related to the business, shall be averaged over the period of time the income is intended to cover. For example, self-employed vendors who work only in the summer and supplement their income from other sources during the balance of the year shall have their self-employment income averaged over the summer months rather than a 12-month period. (C) For the period of time over which self-employment income is determined, the State agency shall add all gross self-employment income, exclude the cost of producing the self-employment income and divide the net self-employment income by the number of months over which the income will be averaged. The allo

official document · source cfr-2024 · id 7:§ 253.7