Income disregard definition

Income disregard means the exclusion of up to $1,000 of 21 annual income earned by an individual as a client of a sheltered workshop if the
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Income disregard means an earned or unearned income which is not considered in one or more financial tests of eligibility.
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Examples of Income disregard in a sentence

  • Income disregard Since January 1st 2018, a tolerable income level has been set based on the household type.

  • Income disregard provisions primarily affect benefit calculations.

  • This amount is deemed and the remainder is allocated to the grandparent.3Recipient units may disregard the lesser of the remainder of the unused $225 Disability Based Income disregard or $112, and 50 percent of theremainder.4There is deeming if a minor parent’s children were born on or before December 31, 1998.

  • Reduction rates and disregards depend on age and family situation: Family composition Income disregard (SEK per month)**The housing allowance is calculated on the basis of the income for the calendar year.

  • If the pregnant woman is not eligible with the standard disregard, the Modified Adjusted Income disregard (5% of 100% of the Federal Poverty Level) will also be deducted.

  • Income disregard policy shall not discriminate based on who the specific employer is.

  • Offline: multiply $2000.00 by .50 = $1000.00MAXIS: use $1000.00 as the self-employment gross income for one month.An additional Earned Income disregard must be applied based on program policy.

  • Offline: divide $12,000 by 12 months = $1000.00MAXIS: use $1000.00 as the self-employment gross income for one month.An additional Earned Income disregard must be applied based on program policy.

  • Income disregard allowed families who use childcare services to deduct some of the childcare costs from the income assessed by the FC, so income disregard could only benefit those who earn more than the withdraw threshold.

  • Her unearned income is computed as follows: $128.00 Value of in-kind support35.00 Cash Stipend150.00 OASDI $313.00 Total unearned income-20.00 General Income disregard $239.00 Countable unearned income Computation of Income Income is counted at the earliest of the following points: when it is received, when it is credited to a person‘s account, or when it is set aside for a person‘s use.

Related to Income disregard

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Multiple disabilities means concomitant impairments (such as intellectual disability-blindness, intellectual disability-orthopedic impairment, etc.), the combination of which cause such severe educational needs that they cannot be accommodated in a special education program solely for one of the impairments. The term does not include deaf-blindness.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Final Average Pay means the participant’s average monthly compensation in the highest three calendar years of compensation out of five consecutive calendar years of employment during a period of eligibility service by the Company or an Affiliate. Years separated by a period of one or more calendar years when the participant has no such eligible employment shall be treated as consecutive. Additional compensation paid at retirement or other Separation from Service, such as for periods of unused vacation or sick leave, shall be attributed to calendar years by assuming that employment continued during the period based on which the compensation is measured. Severance pay shall be disregarded, except severance pay in lieu of service.

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.