Gross unearned income definition

Gross unearned income means the total amount of unearned income that is received in the month by all members of the family. Unearned income is income that is not gross earned income or is not gross earned income from self-employment, as defined in this rule. Unearned income includes cash contributions received by the family from absent caretakers, persons, organizations or assistance agencies, social security administration (SSA) disability, death or retirement benefits, and child support payments.
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Gross unearned income means the total amount of unearned income that is received in the month by all members of the family.
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Gross unearned income under the OWF program means the total amount of unearned income that is received in the month by all members of the assistance group, and the unearned income of a parent specifically excluded from the assistance group, as set forth in rule 5101:1-23-10 of the Administrative Code, and paragraph (E)(6) of this rule. "Unearned income" is income that is not gross earned income or is not gross earned income from self-employment, as defined in paragraph (D)(1) of this rule. Gross unearned income includes cash contributions received by the OWF assistance group members from persons, organizations, or assistance agencies, and income allocated to the assistance group from a required individual who does not meet the citizenship requirements and is excluded from the OWF assistance group as set forth in rule 5101:1-23-10 of the Administrative Code, a stepparent, a parent(s) of a minor caretaker, and the spouse of a specified relative in need. Gross unearned income also includes non-recurring lump-sum payments. A non-recurring lump-sum payment is income that is not anticipated or expected to be received again. Receipt of a non-recurring lump-sum payment is income in the month received. Any portion of the non-recurring lump-sum payment remaining in the month after the month of receipt is considered a resource, and will not effect OWF eligibility, as the OWF program does not have a resource limit.
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Examples of Gross unearned income in a sentence

  • Gross unearned income (regardless of deductions such as recoupments) received by individuals is the countable income.

  • Judged by the settled legal standards that govern all subpoenas—and that apply equally to the President—the SAC provides no basis for relief.

  • Gross unearned income: The gross amount of the benefit or payment must be counted.

  • Gross unearned income includes cash contributions received by the OWF assistance group members from persons, organizations, or assistance agencies, and income allocated to the assistance group from a required individual who does not meet the citizenship requirements and is excluded from the OWF assistance group as set forth in rule 5101:1-23-10 of the Administrative Code, a stepparent, a parent(s) of a minor caretaker, and the spouse of a specified relative in need.

  • Gross unearned income also includes non-recurring lump-sum payments.

  • Gross unearned income is the total amount of counted unearned income before disregards are subtracted from it.Institutionalized Spouse.

  • Gross unearned income means the total amount of unearned income that is received in the month by all members of the family.

Related to Gross unearned income

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):