PM 10-02-01: General Earned Income Budgeting Policy

WAG 10-02-01

Gross earned income is the amount of wages or salary paid before any deductions are made. Examples of deductions are withholding taxes, Social Security taxes (FICA), and union dues.

When budgeting earned income, drop cents when:

  • adding paychecks to determine gross monthly earned income, and
  • computing the revised text3/4 earned income deduction.