Glossary E-words (FSM)

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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.

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

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.

Excess Shelter — the amount remaining after subtracting 50% of the adjusted income from the total shelter costs.

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.