Use Best Estimate policy and procedures in PM 11-02-01 to arrive at what the anticipated monthly earned and unearned income will be.
After using Best Estimate policy, if income is received weekly or bi-weekly convert the income to a monthly amount. Converting income to a monthly amount determines the actual gross income (earned and unearned) used to determine if the case is prospectively eligible. If the case is eligible, that amount is then budgeted ongoing.
Converting income to a monthly amount takes into account the fact that a periodic extra check is received some months when a client receives income weekly or bi-weekly (i.e., every 2 weeks). This process determines an average amount the client is expected to receive per month so the same amount can be budgeted for each month. Converting income to a monthly amount works as follows:
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