LUMP SUM EARNED INCOME (INCOME) (MAM) |
Previous Policy |
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Payment for work performed over a period of more than 1 month.
Treatment: Earned Income
1. Divide the total lump sum by the number of months in which work was performed to determine a monthly average.
2. If the lump sum is a result of self-employment, subtract the monthly cost of doing business from the monthly average (see Self-Employment).
3. Consider the monthly average earned income as available only for a period of time equal to the number of months work was performed.