Glossary E-words (FAM)

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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.

Earned Income Disregard — an amount which is computed and subtracted from earned income.

Elderly — an individual who will be age 60 or older as of the last day of the month.

Electronic Benefit Transfer (EBT) — the method of issuing financial assistance benefits to an account which is accessed by an individual with a magnetic stripe debit card.

Electronic Funds Transfer (EFT) — the method of issuing financial assistance benefits as a direct deposit into an individual’s personal bank account.

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

Emergency Assistance (EA) Permanent Housing Payments — payments under Title-IV-A of the Social Security Act which established the Temporary Assistance to Needy Families (TANF) block grant, and made by DFA to allow eligible individuals to obtain or retain safe and healthy housing, currently limited to rent, mortgage and utility arrearages, rent and utility deposits, and fuel deliveries.

Employment Expense Disregard (EED) - a flat monthly rate set by policy or the actual expenses which are attributable to the earning of income. The EED is subtracted from earned income.

Employment-Related Disregards — all disregards which are subtracted only from earned income. These include the employment expense disregard, the child/dependent care disregard, and the earned income disregard.

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.

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

Excluded Resource — real or personal property which is not counted in determining eligibility.