INCOME-IN-KIND (MAM)

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Goods, commodities, or services (such as meals, clothing, and lodging) provided as compensation or as a contribution in lieu of cash. Income-in-kind is considered either unearned or earned income-in-kind.

Unearned income-in-kind is a contribution which does not represent compensation for a job performed.

Treatment: Excluded Income

Earned income-in-kind represents compensation received for work performed (employed by another or self-employed) in place of, or in addition to, wages, profit, or payment in cash.

Treatment: Earned Income

Assign a dollar value to earned income-in-kind received on a regular basis. Determine the dollar value using one of the following methods:

. employer statement indicating the frequency and dollar value of the earned income-in-kind;

. multiply the number of hours worked times the approximate hourly wage as provided by the employer; or

. multiply the number of hours worked times the current minimum hourly wage, if self- employed or the employer is unable to provide an approximate hourly wage.