Glossary E-words SR 94-04, 04/94 (AAM-A)

Earned income — Cash or in-kind benefits received as payment for work performed either as an employee, through the receipt of wages, salaries, tips or commissions, or as a self-employed individual.

Equity value — The amount of money that would be available to the owner after the sale of a resource. Determine the equity value by subtracting any encumbrances, such as the principal owed on a loan or mortgage, from the fair market value. Equity value of life insurance policies means the cash surrender value minus any encumbrances.

Eligibility period — The period of time the individual is determined to be eligible for child day care service payments.

Excluded income — Specific types of income which are not counted in the determination of eligibility or the amount of assistance.

Excluded resources — Real or personal property which is not counted in determining eligibility.