Common use of Computation of Income Clause in Contracts

Computation of Income. The Applicant’s annual income shall be determined by estimating anticipated total income from all sources received by any and all household members, either in their own names or on behalf of another household member. Income attributable to any and all household member(s), excluding children under the age of eighteen (18) years, shall be included in the total household income, provided that the following amounts may not be considered as income under this paragraph: 1. Any amounts not actually received by the family; 2. Any amounts that would be eligible for exclusion under section 1613(a)(7) of the Social Security Act; and 3. Any amounts received by any member of the family as disability compensation under chapter 11 of title 38, United States Code, or dependency and indemnity compensation under chapter 13 of such title.

Appears in 5 contracts

Samples: Low Rent Eligibility Admissions, Occupancy, and Payment Policy, Low Rent Eligibility Admissions, Occupancy, and Payment Policy, Safe Shelter Housing Program Policy

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